The Transylvania Times -

By Eric Crews
Staff Writer 

Audit: County Fund Balance Grew By $1 Million - Brevard NC


Last updated 12/16/2013 at 8:54am

The first look at the financial audit for fiscal year 2013 found that lower than expected expenditures and higher than anticipated revenues led to an increase of around $1 million in Transylvania County government’s unassigned fund balance.

While no problems were found with the county’s finances for fiscal year 2013, according to the audit (see below) presented at last week’s board of commissioners meeting, Board Chairman Mike Hawkins reiterated his belief the board should draw down the amount of money the county holds in unassigned reserves.

During last week’s regular commissio...

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