A new audit report shows that Sussex County has done it again, recording another positive year that netted a modest $854,000 surplus for County taxpayers.
The Sussex County Council today accepted the Audited Financial Statements for Fiscal Year 2012 from a firm of licensed certified public accountants. The audit report is presented annually to detail the County government’s finances for the previous fiscal year.
For Fiscal 2012, Sussex County ended the budget year with $854,029 in revenues over expenditures. In Fiscal 2011, the County saw a sharp increase of more than $3.4 million.
County leaders have committed approximately $320,000 of the latest surplus to pay for four additional Delaware State Police troopers that were added to the County’s contract for extra policing announced last summer. The remainder will go back to the County’s general fund and await staff recommendations to Council on how to allocate those funds.
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