Good Financial News For Appomattox County

A recently released audit in Appomattox County showed better finances in 2013 compared to the year before. In June 2013, the county ended the fiscal year with, roughly $1.68 million fewer expenditures from than the previous year’s fund balance; The long-term obligations also decreased by more than $1.5 million from fiscal year 2012. The results of the audit were presented to the Board of Supervisors last month. The News & Advance reports, Last year ended with nearly $7.6 million of unassigned money in the general fund. According to the article, the county also has a favorable net position, a figure that shows the difference between the locality’s assets and liabilities and depicts financial stability over a longer period of time.

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