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HomeMy WebLinkAboutNewton County - Public Financial Report Newton County, Georgia Fiscal Year Ended June 30th 2021 About This Report Citizens of Newton County, Georgia: On behalf of the Newton County Board of Commissioners, we are pleased to present to you the Popular Annual Financial Report (PAFR) for the fiscal year ended June 30, 2021. The purpose of this report is to provide a user-friendly overview of how the County is utilizing your tax dollars and the financial position of the county. We have also included the County history, organizational struc- ture, services offered, and highlights over the last year to help better explain your tax dollars at work. Not all funds are included in this report, as this report is meant to highlight the most significant points of interest. The financial information in this report summarizes information found in the County’s 2021 Annual Comprehensive Financial Report (ACFR). The ACFR is prepared according to Generally Accepted Accounting Principles (GAAP) and is audited by Mauldin & Jenkins, CPA. The ACFR can be found on our website at http://www.co.newton.ga.us/254/Financial-Documents. Improving transparency is important to us, so we hope to communicate im- portant financial information in a manner that will help you understand how your tax dollars support your community. We welcome any feedback for improving this report in the future. Sincerely, Lloyd Kerr, County Manager Brittany White, Finance Director Table of Contents Form of Government: Board of Commissioners About Newton We Newton What Did We Accomplish In 2021? Senior Services Expansion Animal Services Expansion Sheriff’s Office Expansion Splash Pad Skate Park Cricket Frog Trail Expansion 2 Pumper Fire Trucks Caterpillar Asphault Paver Where Does Your Property Tax Dollar Go? School 59% County 38% Fire 3% General Government 16% How does the County Utilize Our 38%? Judicial 10% Public Safety 57% Public Works 8% Heath & Welfare 2% Culture & Recreation 4% Housing & Development 2% Debt Service 2% Below are the major revenue sources of the General Fund Did you know that the County’s General Fund operates on other major tax sources besides property taxes? Real/Personal Property Tax 43% TAVT (Ad Valorem Tax) 8% Sales Tax (LOST) 16% Insurance Premium Tax 7% These 4 taxes make up 74% of the general fund revenue NEWTON Your Pennies At Work 23 Miles of Roads Paved Splash Pad Animal Services Expansion Skate Park Senior Services Expansion Sheriff’s Office Expansion Major Enterprise Funds: Revenues and Expenses Net Position The graph below shows the change in the County’s net position from 2020 to 2021. The net position is designed to provide readers with a broad overview of Newton County’s governmental and business-type activities in a manner similar to a private sector. Stay Connected: Visit our website at: co.newton.ga.us Newton County GA Government Newton County Board of Commissioners 1124 Clark Street Covington, GA 30014 770-784-2000 Newton County Government