clear
Thursday May 26th, 2016 9:03AM

1st Quarter report shows improving Hall economy

By Jerry Gunn Reporter
GAINESVILLE - If the Hall County Government Financial Status Update for the 1st Quarter of Fiscal Year 2014 can be used as an economic indicator, it's a good one.

County Commissioners have reason to be optimistic about the financial shape of things to come for county government and the county in general.

Financial Services Director Vickie Neikirk reports that building permits are going up from just over $93,000 to $230,000.

"To me that shows that the building industry is coming back," Neikirk said at Thursday's regular meeting. "This is a good sign, I think, for our economy; construction is a big part of our industry in Hall County and I think this is very important."

Neikirk said the county's end of the year reserve or fund balance would increase by $8-million with most of that increase from the sale of old county jail.

"The fund balance for the General Fund was $14.9-million at the end of FY 2012," Neikirk told commissioners. "The FY 13 Audit is in process and the fund balance is projected to increase by another estimated $8-million to $22.9-million, with $7.2-million of that increase from the sale of the jail."

In her update of county department and agency budgets, Neikirk reported the county is operating under budget through the first quarter.

"We are seeing signs of economic improvement," Neikirk concluded. "It's anticipated that the county will end Fiscal Year '14 with a positive fiscal picture."
© Copyright 2016 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Missing Ga. bank director arrested in Brunswick
A bank director accused of losing millions of investors' dollars before vanishing last year was arrested Tuesday during a traffic stop in a city in south Georgia.
7:00PM ( 2 years ago )
S&P 500 index has its best year since 1997
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
6:56PM ( 2 years ago )
Colorado readies for 'Green Wednesday' pot sales
Police were adding extra patrols around pot shops in eight Colorado towns that plan to allow recreational sales to anyone over 21 on Jan. 1.
1:52PM ( 2 years ago )
Business News
Sex offender held in Hall County for failing to register
A 47-year-old man was booked into the Hall County Jail Tuesday, being held without bond for allegedly failing to register as a sex offender, his second such arrest.
6:09PM ( 2 years ago )
Pharmacy robberies may involve same suspect
Oakwood Police Tuesday afternoon released details in a pharmacy robbery they're investigating, similar to one that happened in the Hall County Tuesday morning.
5:46PM ( 2 years ago )
Victim critical following apartment fire
A 41-year-old woman was in critical but stable condition Tuesday after being rescued from an apartment fire in Forsyth County late Monday afternoon.
3:16PM ( 2 years ago )
Local/State News
Medicaid growth creates gap of 5M without coverage; 409K in Ga.
About 5 million people will be without health care next year that they would have gotten simply if they lived somewhere else in America.
7:30AM ( 2 years ago )
Vandals spray graffiti against Kerry in West Bank
Suspected Jewish vandals set fire to three vehicles in a West Bank village early on Tuesday and sprayed threatening graffiti referring to U.S. Secretary of State John Kerry ahead of his expected visit to the region, police said.
7:28AM ( 2 years ago )
Feds announce test sites for drone aircraft
The Federal Aviation Administration announced six states on Monday that will develop test sites for drones, a critical next step for the march of the unmanned aircraft into U.S. skies.
2:23PM ( 2 years ago )
Politics
Applications for US unemployment benefits fell last week
Applications for US unemployment benefits fell last week, a sign companies cut fewer jobs
8:44AM ( 19 minutes ago )
Gainesville metro once again boasts lowest unemployment rate in Georgia
The Georgia Department of Labor announced Thursday morning that Metro Gainesville’s unemployment rate for April was 4.2 percent, down three-tenths of a percentage point from 4.5 percent in March.
By AccessWDUN staff
7:00AM ( 2 hours ago )
UPDATE: 11 states - including Georgia - sue over Obama's school transgender directive
Texas and 10 other states are suing the Obama administration over its directive to U.S. public schools to let transgender students use the bathrooms and locker rooms that match their gender identity
1:58AM ( 7 hours ago )
Teenage suspect in Flowery Branch armed robbery now in police custody
​Flowery Branch police say a 19-year-old suspect connected to an armed robbery that took place last week has turned himself in.
By AccessWDUN Staff
8:03PM ( 13 hours ago )
NTSB releases likely cause of fatal Gainesville plane crash in 2014
It was likely a loss of engine power caused by an undetected valve blockage that brought down a small plane, killing two people on board on Oct. 16, 2014.
4:19PM ( 16 hours ago )