April Adams, certified public accountant and partner with Cherry Bekaert in Raleigh, presented the 2019 audit of county financial records to Tyrrell commissioners Feb. 4.

General Fund revenues exceeded budget by $239,790, and expenditures were $363,721 below budget for the year ended June 30, 2019.

The county used $407,501 of its General Fund reserves in order to balance the budget.

Revenues in the Water & Sewer Fund were $16,923 less than anticipated when the budget was adopted last spring, and expenditures fell $114,105 below the total budgeted.

The county appropriated $37,395 from fund balance, but at year’s end it had added back $154,577 to the Water & Sewer Fund reserve.

The county’s long term debt decreased in 2019 to $10,900,253 from its 2018 level of $11,069,647.

Major debt components at the end of 2019 fiscal year were: Revenue bonds, $4,605,000; Other post-employment benefits, $4,026,877; Governmental activities debt, $1,295,261; and Compensated absences and pensions, $973,115.