Williamson County general fund balance grew by $9 million in 2008

From Impact News, April 3, 2009...

The Williamson County’s general fund grew to $49.3 million by the end of 2008 — an increase of 21 percent from the previous year — according to a financial report presented by county auditors March 31.

The general fund balance represents the difference between the revenue the county took in from sources such as taxes, fines and service charges, and its expenditures on public safety, government operations and community development. The county’s Comprehensive Annual Financial Report, or CAFR, attributes the $9 million growth to rising property values, revenues from emergency medical services and payments from other governments.

The leftover funds remain separate from the county’s operating budget and may only be applied to one-time expenses such as lowering tax rates, constructing roads or paying back debt.

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