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Auditor reports county finances in good shape

By Kristen Tribe | Published Saturday, May 4, 2013

Wise County’s finances are in good condition, according to outside auditor Snow Garrett & Williams.

Kathy Williams, a representative of the firm, gave a report on the audit for fiscal year 2012 at Monday’s commissioners meeting and said, “Overall, it was a very good audit this year.”

Total assets for the county decreased from $115 million to $110 million, but “a lot of that is related to the WCWC (Weatherford College Wise County) project,” Williams said. “Last year that money was in assets.”

A $2 million decrease in the county’s assets, from $41 million to $39 million, was also attributed to the college project. The WC campus near Bridgeport opened to students last August.

Williams said the county’s capital assets now stand at $82 million, a 20 percent increase.

Major events related to capital assets include road and bridge work, land purchases for the college and construction of the WCWC campus.

Also included is the purchase of heavy equipment and machinery such as asphalt distributors, dump trucks, and trucks and trailers for the precincts, along with three Ford Explorers for the Sheriff’s Office and purchase of an ambulance and related equipment.

Williams said the county’s cooperation makes her firm’s job easier.

“We appreciate your county treasurer and auditor,” said Williams. “They always take care of us and get us what we need to get the audit completed.”

Commissioners accepted the audit report.

In other business, they proclaimed May 10, 2013, as Rodeo Pink Day in Wise County.

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