The Jackson County government ended 2012 in the red, but not as much as it had anticipated.
According to the recently released 2012 county audit, the county spent $1.4 million more than it had in revenues for the year, but that was less than the $2.2 million it had budgeted to be in the red.
The county’s General Fund had $9.2 million in reserves at the year’s end, $4.1 million of which was undesignated and available for general use.
Overall, the county took in $1 million more in revenues than it had originally budgeted, but at the same time, the part of revenues from property taxes fell due to the falling tax digest.
Although the county’s finances are split into several different funds, the General Fund is the main way money flows through the county government.
For the full story, see the July 10 issue of The Commerce News.