McCravy

County Bank

Home | Facebook | LinkedIn | Twitter | Our Fan Newsletter
GwdToday | Greenwood, SC
News
• Greenwood
• Lakelands
• School
• State
Sports
• Local Sports
• Collegiate
Classifieds
• Newest Listings
• Employment
• Merchandise
• Real Estate
• Recreation
• Transportation
• Yard Sales
Marketplace
• Promotions
• Featured Events
• Business Spotlight

GHS Football Sponsor Banner
Crime Network
• Arrest Reports
• Most Wanted
• SC Sex Offenders
His Section
• Church News & Events
• Prayer Request
Obituaries
• Obituaries
• Notices
Occasions
• Birthdays
• Weddings / Anniv / Engagements
• Reunions
Specials
• Letters to Editor
• GwdToday Contest
• Announcements

YMCA Banner


home : news : greenwood August 2, 2014

Carolina Health

Oxygen Lounge HP

Staggs Defense

Greenwood Family Practice

Climate Control



12/11/2012 8:51:00 PM
Council discusses audit, airport

Brian King
Staff Writer


GREENWOOD, SC – The annual audit and capital projects at the Greenwood County Airport dominated the discussion at County Council’s Administration and Finance Committee meeting Tuesday afternoon.

Council received an “unqualified” opinion on their annual audit by local accounting firm Elliot Davis. Laurie Smith, a CPA with the firm gave the county finances a clean bill of health in her presentation. She was joined at the meeting by Josh Garvin, the senior manager over the audit.

An unqualified opinion means that there were no discrepancies found during the audit. Smith commended the county staff for their cooperation during the audit. The county added $192,276 to the general fund during the fiscal year that ended June 30th, bringing the balance to $5,640,155. That number represents about three and a half months of operating expenses. The Government Finance Officers Association suggests between two and five months of reserves, according to Smith. Smith also noted that many counties and municipalities throughout the state are not able to maintain their fund balances, let alone add to them.

A runway rehabilitation project was also discussed at the meeting. Assistant county engineer Rossie Corwon told council that the airport would receive a $3 million grant from the Federal Aviation Administration, but would have to match that grant with about $154,000. Corwon asked council to determine whether or not they would subsidize the airport, which has run without funding from the county since 2005. The runway that would be rehabilitated is the same one on which the recent crash occurred.

Corwon also told council that the FAA had given a grant to the state to provide fencing at airports around the state. Greenwood County was moved up on the list and will receive $500,000 from the state for the fencing, of which 2.5% will be matched from the airport fund. Greenwood County was moved up as a result of the crash in which a plane struck a deer while landing, burning several acres of grass at the facility.



Related Stories:
• County Council says goodbye to Jennings, Moody
• Council to have "clean slate" with county attorney position
• PLANE CRASHES AFTER HITTING DEER





Article Comment Submission Form
Please feel free to submit your comments.

Article comments are not posted immediately to the Web site. Each submission must be approved by the Web site editor, who may edit content for appropriateness. There may be a delay of 24-48 hours for any submission while the web site editor reviews and approves it.

Note: All information on this form is required. Your telephone number is for our use only, and will not be attached to your comment.
Submit an Article Comment
First Name:
Required
Last Name:
Required
Telephone:
Required
Email:
Required
Comment:
Required
Passcode:
Required
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.
   


Advanced Search

















Greenwood Living

Home | Facebook | LinkedIn | Twitter | Our Fan Newsletter
GwdToday.com • 720 Montague Ave Suite 314 • Greenwood • SC • 29649 • News@GwdToday.com
Software © 1998-2014 1up! Software, All Rights Reserved