Comprehensive Annual Financial Report Fiscal Year Ended December 31, 2024
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Jackson County, Minnesota's financial statements for the year ended December 31, 2023 present a comprehensive audit covering government-wide and fund-level financial statements, required supplementary information on pension and OPEB liabilities, and budgetary comparisons for the General Fund and Road and Bridge Special Revenue Fund. The document includes management discussion and analysis, statements of net position and activities, balance sheets for governmental and custodial funds, and reconciliations between fund-level and government-wide statements. Supplementary sections detail nonmajor governmental funds, intergovernmental revenues, and federal award expenditures, alongside independent auditors' reports on internal controls, compliance with government auditing standards, and Minnesota legal compliance. The audit encompasses fiduciary net position statements and custodial fund reporting as of December 31, 2023.
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Jackson Township's 2026 budget projects total general fund revenue of $8,830,855, an increase from the 2025 budgeted amount of $8,270,882, with significant revenue sources including earned income taxes ($1.4 million), real estate taxes ($1.135 million), and sewer authority payments ($498,993). The unreserved fund balance is projected to grow from $4,760,502 in 2025 to $5,052,239 by the end of 2026. The document also references American Rescue Plan Act (ARPA) funds received in 2021 and subsequent expenditures for various township projects and initiatives.
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