The State Auditor’s Office recently released its audit report for Greene County for the 2020 fiscal year.
The report shows the county’s revenues were $15,607,687, which was a 14.7-percent increase over the previous fiscal year. It was noted in the report that the significant increase in revenues was due primarily to capital grants from the Iowa Department of Transportation for capital projects. The county’s expenses totaled $17,523,577, which was a 30.3-percent increase over the prior fiscal year. The reason for the expenses were mainly due to the County’s contribution to the Greene County Career Academy project.
Auditor Sand noted four additional findings from the audit, two of which have been highlighted before. 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 findings included lack of segregation of duties, material audit adjustments relating to prepaid expenses and capital assets, and unresolved variances in the bank reconciliation.
Click the link below to access the full audit report.