"Your financial report was good and you always do what your supposed to do. You also expect your people under you to do a good job … Bolivar County is a sound financial county with a good reserve … You run a big business with an $18-$20 million budget for operation," said Bridgers, whose firm Bridgers & Goodman, PLLC, completed the 2013 audit on behalf of the Mississippi State Auditor’s office.
Bridgers reported the county had "a total net worth of $11.379 million. That's very good and very strong. You do a good job of operating on a current budget.
"Your net worth is a safety feature that you maintain should something catastrophic happen. There was a net change in fund balance of $429,688, an increased balance through operations," he said.
Bridgers also reported that the prison was O.K. financially and had a net worth of $1.166 million.
Overall, the county had a $420,000 positive budget and Bridgers said, "You exceeded your budget expectations and you need to do this every year. You should shoot for a positive change in fund balance every year and spend out of the operating money and don't drop back into the reserves. This is a very financially sound county."
In a press release from the state auditors office, "The audit found that amounts billed to municipalities for housing prisoners is not being collected in a timely manner. Also, bank deposits for the sheriff’s office were not made in a timely manner.
“These audits serve as a management tool to identify and correct any financial and compliance issues found within the county so the proper entities can make necessary changes,” State Auditor Stacey Pickering said in the press release. “I thank Bolivar County for their cooperation during this audit.”
James McBride, board president, explained that in regards to the amounts billed to municipalities for housing prisoners not being collected in a timely manner, "the money just isn't there. These are small municipalities and you just can't get blood from a turnip."