â?¢ Emergency Services Fund
â?¢ KACO Annex Fund
The general fund is the chief operating fund of the county. It accounts for all financial resources of the general government, except where a separate fund is required for some function. The county's original budget was amended during the fiscal year in order to account for a $1,000,000 water grant that the county received during the year. The county received $4,174,792 in occupational tax revenues, which accounts for 36 percent of the general fund revenue. The county also received $1.63 million from real and personal property taxes which is 14 percent of the general fund revenues. The remaining 50 percent of revenues comes from various other taxes, service fees, and intergovernmental revenues.
The road fund is the fund related to county road and bridge construction and maintenance. The primary sources of revenue for this fund are state payments for truck licenses distribution, municipal road aid, and transportation grants. In 2006, revenues for the road fund totaled $770,282 and expenditures were $1.187 million so $435,000 was transferred from the general fund, a procedure which county treasurer Tammy East said is typical.
"One of the purposes of the general fund is to supplement the other funds when they fall short," she said.
The jail fund is used for the operation of the county detention center. The main sources of revenue for this fund are reimbursements from the state and federal government, and from other counties for housing prisoners, and transfers from the general fund. The jail fund received $798,021 in revenues, and the general fund contributed $850,000 to the jail fund.
The purpose of the local government economic assistance fund is to account for funds received from the state for coal severance taxes. The funds must primarily be used for maintaining the county's road system coal trucks. The fund had a balance of $208,504, and had purchased several pieces of equipment for the road department and new vehicles for animal control and emergency services department.
The emergency services fund accounts for the operation of the county's 911 and ambulance service, with revenue derived from payroll tax. The year-end balance of the EMS fund was $106,193. The county had also purchased a new ambulance at a cost of $93,146 and had an additional remount for $80,959 without incurring debt.
The KACO annex fund acts as a debt service fund that accounts for receipts from the Administrative Office of the Courts, and is used to offset the county's required payments on its debt related to the courthouse annex. The year-end balance of that fund was $32,188.
The report stated that no instances of noncompliance were found, and no matters which are considered to be a material weakness in the operation of the county's finances.