The Patrick County Board of Supervisors learned the county experienced an increase in carryover funds during the annual year-end report at its Aug. 10 meeting.
The fiscal year ended June 30, 2026. Treasurer Sandra Stone said the net general county fund balance carried forward was $13,947,421, an increase of $295,852 from the previous fiscal year.
“That was an increase of $295,852 from last fiscal year,” she said.
Stone said the county’s carryover balance comes from several sources, including unspent department budget funds, revenues that were higher than budgeted and unspent carryover funds from the previous year.
“Carryover funds are needed and used during our lower revenue months. Usually, these months are August to October and February to April,” she said.
At the end of June, the county’s contingency fund balance was $1,251,601. The county earned $442,876 in interest on investments and $16,396 in interest on deposits.
Caption:
The Enterprise, which is marking its 150th anniversary, was selected as the first local business to be recognized as a Patrick County Partner. Pictured are Taylor Boyd and Debbie Hall, from the newspaper; and supervisors Andrew Overby, Richard Cox, Jonathan Wood and Clayton Kendrick. (Photo by Somer Luna-Ojodeagua)
