In a remarkable achievement for the county’s financial management team, both the Governmental and Water System Annual Comprehensive Financial Reports (ACFRs) have received clean audit letters from the Department of Audits and Accounts (DOAA) with no comments. Though Fayette County continues to receive an annual clean bill of health, no comments is not a common occurrence, underscoring Fayette County’s commitment to fiscal responsibility and transparency.
Every year, Fayette County submits its ACFRs for the previous fiscal year, that concludes on June 30. In this instance, the county met the submission deadline within six months of the close of the 2023-2024 fiscal year. As part of the auditing process, the DOAA reviews the reports for accuracy and compliance.
Typically, auditors may issue comments or recommendations, but this year, both the Governmental and Water System ACFRs received a rare accolade: no comments at all. This signifies that the financial statements were thoroughly examined, and no discrepancies or areas for improvement were identified, demonstrating the county’s strong fiscal oversight.
“The Finance Department strives to achieve the highest level of accuracy and transparency in our financial reporting. Fayette County citizens have high expectations of their government. Through our financial reporting guidelines, along with the County’s strong financial practices, Fayette County continues to exceed performance standards,” said Sheryl Weinmann, Chief Financial Officer.
The clean audits further bolsters the county’s reputation for financial integrity and serves as a testament to the county’s careful and responsible management of resources. The results of these audits have important implications for the county’s creditworthiness and trust with its residents.
“The County’s financial reporting and clean audits are a great benefit for our community and a reflection of the excellent financial stewardship of our financial resources,” said County Manager Steve Rapson. “Strong financial management coupled with a solid governance makes Fayette County a truly unique place to call home,” he said.
Fayette County plans to continue its strong financial practices, with officials eager to maintain these high standards moving forward.
Both the Governmental and Water System ACFRs are available for review, and the county encourages the public to stay informed about how their tax dollars are being managed.
For more information or to access the full reports, please visit: https://fayettecountyga.gov/finance/acfr?t=1 and https://fayettecountyga.gov/water/acfr-water
