Overview
Marengo County Commission closed FY2024–25 with total assets of $41,832,017.41 and total net position of $5,165,084.66. Governmental revenues were $16,614,067.81 against governmental-fund expenditures of $13,921,508.35, leaving an excess of $2,692,559.46 before transfers (which net to $0 across funds), so total fund balances rose from $17,349,569.36 restated at the start of the year to $20,042,128.82. On the government-wide Statement of Activities, total governmental expenses were $12,131,831.15 — a different measure from the $13,921,508.35 fund-basis expenditures, because the activities statement replaces capital outlay with depreciation and excludes debt-principal repayment; the two totals must not be mixed. Net position rose $4,482,236.66 in the year, from $682,848.00 restated at the start of the year.
Source: Marengo County Commission financial statements, year ended September 30, 2025 (EMMA), Exhibits 1, 2 and 4.
At a glance
Source: Marengo County Commission financial statements, year ended September 30, 2025 (EMMA), Exhibits 1, 2 and 4.
Net position
Assets re-add exactly: cash and cash equivalents $20,229,631.85 + investments $214,606.69 + receivables $685,870.18 + ad valorem taxes receivable $6,012,817.41 + nondepreciable capital assets $318,065.50 + depreciable capital assets, net $14,371,025.78 = $41,832,017.41. Total liabilities were $30,593,759.60, deferred outflows $1,307,130.45 and deferred inflows $7,380,303.60.
| Net position component | Amount |
|---|---|
| Net investment in capital assets | $11,812,221.85 |
| Restricted — Highways and roads | $7,261,677.80 |
| Restricted — Capital improvement | $315,709.77 |
| Restricted — Debt service | $597,155.04 |
| Restricted — Healthcare | $569,467.86 |
| Restricted — Other purposes | $2,096,962.80 |
| Unrestricted (deficit) | ($17,488,110.46) |
| Total net position | $5,165,084.66 |
Disclosure — the unrestricted deficit: total net position is positive only because of capital assets and restricted balances. Unrestricted net position is a deficit of $17,488,110.46, driven in large part by the $4,414,964.00 net pension liability and long-term warrants and notes. Disclosure — restatement: beginning net position was restated to $682,848.00 (previously reported $940,348.85, less $257,500.85 for adopting GASB Statement 101 on compensated absences).
Source: Marengo County Commission financial statements, year ended September 30, 2025 (EMMA), Exhibit 1 and Note 12.
Funds
Governmental revenues of $16,614,067.81 re-add exactly from: taxes $8,543,697.49 + licenses and permits $66,622.01 + intergovernmental $6,004,576.61 + charges for services $1,285,507.46 + miscellaneous $713,664.24. Governmental-fund expenditures of $13,921,508.35 re-add exactly from: general government $3,022,186.14 + public safety $3,477,401.35 + sanitation $49,990.45 + highways and roads $3,496,357.30 + welfare $37,607.83 + health $33,178.97 + culture and recreation $193,942.81 + capital outlay $1,056,262.52 + debt principal $1,695,188.26 + interest and fiscal charges $839,392.72 + intergovernmental $20,000.00.
| Fund | Ending fund balance |
|---|---|
| General Fund | $8,688,029.69 |
| Gasoline Tax Fund | $1,300,999.20 |
| Hospital Tax Fund | $670,355.75 |
| County Rebuild Alabama Fund | $2,975,641.37 |
| Other governmental funds | $6,407,102.81 |
| Total fund balances | $20,042,128.82 |
Fund walk: beginning fund balances $17,349,569.36 (restated) + net change $2,692,559.46 = $20,042,128.82. The Gasoline Tax Fund spent more than it took in (revenues $1,438,281.21 against expenditures $2,916,880.86) and was kept whole by a $1,562,500.00 transfer in; total interfund transfers were $3,042,553.83 in and the same amount out, netting to $0. Property-tax abatements in the year totaled $977,810.24, including $398,082.24 and $212,462.72 and $122,355.52 granted by the Commission itself to manufacturing businesses.
Source: Marengo County Commission financial statements, year ended September 30, 2025 (EMMA), Exhibits 2 and 4 and Notes 10 and 13.
Debt & notes
Long-term obligations at September 30, 2025: warrants payable $18,435,000.00 + notes payable $5,738,071.11 + notes from direct borrowing $71,189.88 = $24,244,260.99 of warrants and notes; plus compensated absences $974,432.90 and net pension liability $4,414,964.00 = $29,633,657.89 of total long-term liabilities in Note 8. Disclosure — two totals that differ by design: the Statement of Net Position reconciliation shows $29,800,172.89 of long-term liabilities because it additionally includes accrued interest payable of $166,515.00 ($29,633,657.89 + $166,515.00 = $29,800,172.89). Debt service due in FY2026 is $2,527,588.48 of principal and interest. Related organizations (South Marengo Water Authority, Library Board, Park and Recreation Board, E911 Board, Department of Human Resources, Marengo County Economic Development Authority) are NOT part of the Commission's financial reporting entity, per Note 11.
Source: Marengo County Commission financial statements, year ended September 30, 2025 (EMMA), Exhibits 1 and 3 and Notes 8 and 11.
Sources & notes
- Source used: Marengo County Commission financial statements, year ended September 30, 2025 (EMMA filing) Read the source document.
- Sum checks: assets $20,229,631.85 + $214,606.69 + $685,870.18 + $6,012,817.41 + $318,065.50 + $14,371,025.78 = $41,832,017.41; net position $11,812,221.85 + $10,840,973.27 restricted − $17,488,110.46 unrestricted = $5,165,084.66; revenues $8,543,697.49 + $66,622.01 + $6,004,576.61 + $1,285,507.46 + $713,664.24 = $16,614,067.81; fund expenditures re-add to $13,921,508.35; fund balances $8,688,029.69 + $1,300,999.20 + $670,355.75 + $2,975,641.37 + $6,407,102.81 = $20,042,128.82; activities expenses re-add to $12,131,831.15.
- Identity: this is the Marengo County Commission, Alabama, seated at Linden; the City of Linden and the Marengo County Board of Education are separate governments and are not represented here.
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