Perry County Commission has released its unaudited financial statement for the fiscal year ending September 30, 2024. The statement, signed by Commission Chairman Albert Turner, provides a detailed account of the county’s revenues, expenditures, and outstanding indebtedness. Total revenues across all governmental and proprietary funds amounted to $8,792,576.20, with taxes contributing $2,844,549.00, intergovernmental funds bringing in $3,593,887.00, and charges for services generating $1,230,530.00.
Miscellaneous revenues accounted for $1,028,166.00, and interest income contributed $19,566.00.
Expenditures during the fiscal year totaled $10,706,892.00, exceeding total revenues by $1,914,116.00. The largest expenditure categories included highways and streets, which accounted for $4,353,629.00, public safety expenses of $1,784,139.00, and general government costs of $3,839,192.00. Other significant expenditures included $231,880.00 for sanitation services and $219,600.00 for principal debt retirement.
While the general fund concluded the fiscal year with a positive balance of $4,251,890.00, the special revenue fund held $2,316,822.00. However, the capital projects fund and the enterprise fund showed deficits of $783,700.00 and $290,057.00, respectively.
The financial report also highlighted Perry County’s significant outstanding debt, which totaled $7,483,916.11 as of September 30, 2024. This debt includes various general obligation warrants, equipment loans, and a state gasoline tax warrant.
The largest obligations include the 2010 Series A General Obligation Warrant of $1,390,000.00 and the 2019 Series General Obligation Warrant of $1,070,091.21. Additionally, equipment loans for items such as Mack trucks, dump trucks, and a mower added to the county’s debt burden.
Notably, the state gasoline tax warrant of $431,691.76 and the 2007 P&I Jail Warrant of $2,345,000.00 also contributed to the overall indebtedness.
Chairman Albert Turner certified the financial report, stating that it accurately represents the financial condition of Perry County. The report, while unaudited, reflects the county’s financial position as of the end of the fiscal year.
The full financial statement may be found on Page 6 of this week’s edition of the Times-Standard-Herald.
