Medina County revenues climb to over $23 Million

Angela Verduzco, CPA, with Pattillo, Brown & Hill, presents a draft audit covering Medina County government accounts for the 2021 fiscal year during the May 19 meeting.

By Anton Riecher
An early draft of an outside audit covering the Medina County government for the fiscal year ending September 2021 showed an ending general fund balance of $15,625,413, an increase of $4.3 million over the previous year.
Certified Public Accountant Angela Verduzco with Pattillo, Brown & Hill, L.L.P., reported to county commissioners during their May 19 regular meeting. The final audit is due June 30.
“The assets and deferred outflows of Medina County exceeded its liabilities and deferred inflows at the close of the most recent fiscal year by $52,270,583,” the draft report states.
The county’s overall fund balance stood at $24,187,241, a decrease of $13.5 million from the previous fiscal year, Verduzco said. She attributed the decrease to certificates of obligation issued to cover capital outlay expenditures for the courthouse annex and jail projects.
Verduzco directed the commissioners attention to deficits in the balances for three funds – health unit ($36,198), juvenile probation ($48,366) and grants ($46,262).
“County anticipates revenues in future periods will eliminate these deficit fund balances, or the County will transfer funds from the General Fund to eliminate these deficits.”
The county took in $2.9 million above its anticipated revenues of $23,609,346, the report states. Expenditures were $1.2 million less than the budgeted amount of $1,388,715.
“It’s all good news there,” Verduzco said.
Income from road and bridge funds represented an increase in the fund balance for all four precincts. Precinct 1 reported $1,819,486, up $337,326, while Precinct 2 reported $2,089,412, up $654,240. Precinct 3 reported $1,018,666, up $371,577, while Precinct 4 reported $1,004,776, up $512,043.