State officials found virtually no bookkeeping problems in a routine audit of Boyle County Fiscal Court’s finances.
In 2010-11, Fiscal¿Court managed about $15.5 million of net assets, according to a recently-released report by state Auditor Adam Edelen.
State auditors evaluate every fiscal court in Kentucky annually.
Boyle County took in about $5.1 million of tax revenue during 2010-11, according to the report.
Each fiscal court must keep a list of all assets owned. The only problem auditors pointed out in Boyle County’s report was with the list of assets, which they felt was incomplete.
Judge-Executive Harold McKinney wrote in response, “The county treasurer was the one who made the auditors aware of the prior omitted capital assets. She felt the Fiscal Court’s financial statement should be accurate and reflect total assets. These capital assets primarily are land and buildings in Millennium Park. The expenditures were lump-sum appropriations and federal grant funds. Boyle County’s contributions to Millennium Park ended approximately 2002.”