The State Auditor’s Office recently released its audit report for Guthrie County for the 2020 fiscal year.
The report shows the county’s revenues were $18,899,145, which was a 29.9-percent increase over the previous fiscal year. It was noted in the report that the significant increase in revenues was due primarily to an increase in property tax and Federal Emergency Management Agency grants. The county’s expenses totaled $15,845,000, which was a 3.9-percent increase over the prior fiscal year.
Auditor Rob Sand noted six additional findings from the audit that have been repeated in the past fiscal year. One of those was the County’s fiduciary responsibility to have oversight of the County’s operations and financial transactions. Oversight is defined as the “watchful and responsible care” a governing body exercises in its fiduciary capacity. Other items included lack of segregation of duties, material amounts of accounts receivable, prepaid expenses and capital asset additions not properly recorded in the County’s financial statements, disbursements.
exceeding budgeted amounts and a deficit balance in one fund.
Click the link below to access the full audit report.