Martin Starnes & Associates has presented the Iredell County Board of Commissioners with a clean audit for the fiscal year ending June 30, 2023.

Cassie Wilson, a representative of Martin Starnes, discussed the findings of the audit during Tuesday’s board meeting. She described the county’s financial position as “very healthy.”

The county ended the fiscal year with $139.7 million in its fund balance, an increase of $28.2 million from the previous year. The fund balance represents 57 percent of the annual budget.

More than $104 million in the fund balance is unassigned.

County revenues for all sources increased to $280 million in fiscal year 2022-2023, up from $256 million the previous year. Property taxes account for 56 percent of the county’s revenues.

Education funding is the county’s largest expense with 36 percent of the general fund being earmarked for Iredell-Statesville Schools, the Mooresville Graded School District and Mitchell Community College. When debt service on capital projects is included, education spending accounts for 48 percent of the budget.

Public safety (23 percent) and human services (15 percent) also account for a large percentage of the budget.

WIlson expressed her gratitude for the county Finance Department’s assistance during the audit.

County Manager Beth Mull also praised the staff.

“Our financial team I would put up against any financial team in the state or country,” she said. “They do amazing work.”

WSIC radio host honored

The Board of Commissioners honored Pat Shannon, who is retiring after a 60-year career in local radio.

“You have meant so much to so many people in this community,” Commissioner Brad Stroud said.