ASHE COUNTY — Ashe County and West Jefferson ended the last fiscal year on solid financial footing, according to audit results released last week.
That’s according to independent auditor Priscilla Norris, CPA, who reviewed the 2015 fiscal year financial status of both governments.
Norris said Ashe County’s overall tax collection rate has increased slightly to 95.21 percent, and told the Ashe County Board of Commissioners there were no instance of over-budgeted expenses in the 2015 fiscal year.
“The General Fund had a decrease in fund balance of $501,288 compared to an increase of $143,270 in the prior year, which is mainly due to the $500,000 donation to Ashe Memorial Hospital,” Norris said. “Total governmental funds experienced an overall decrease of $614,400.”
The audit also found three errors out of the 61 case files tested.
According to the report: “The Officer of the State Auditor has requested that county auditors report the results of their Medicaid testing (and certain other programs, if applicable) in an agreed upon procedures report, which we have done.”
Ashe County Manager Sam Yearick said he was please with the results.
“I think the biggest thing that I’m happy about is we ended up at exactly where we thought we’d be,” Ashe County Manager Sam Yearick said. “A clean audit report, it doesn’t get any better than that.”
West Jefferson Audit
Norris also appeared before the West Jefferson Board of Alderman on Monday to present the town’s audit report for the fiscal year ending on June 30, 2015.
“The town had a good, clean, unmodified opinion this year,” Norris said.
Norris told alderman that there were no expenditures that went over budget this year.
According to Norris, the signed and unassigned fund balances totalled to $1,183,834.
According to the report, governmental funds showed a combined fund balance of $2,184,047, a 5.25 percent increase from last year. The largest contributor to this was an increase in General Fund operations of $86,219.
According to Norris, the General Fund operations increase is $130,000 less than last year’s balance of $216,207 which can be attributed to land purchases and other projects.
Ashe County Schools