The fiscal year 2014 audit was presented to Van Zandt County Commissioners Jan. 26 by Kevin Cashion of Gollob, Morgan and Peddy, the county’s accounting firm.
The FY2014 ended Sept. 30, 2014.
Throughout the presentation, Cashion made it clear that two points stood out during the audit.
“A lot of what you have read all stems back to lack of accountability and plain, old simple neglect,” Cashion said.
Cashion reported that the county “exceeded its liabilities at the close of the most recent fiscal year by $7,805,167 (net position). Of this amount, $1,341,988 (unrestricted net position,) may be used to meet the county’s ongoing obligations to citizens and its creditors.
“The county’s total net position increased by $842,161.