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Boone County treasurer: March expenses exceeded receipts; audit extension filed, tax-bill process underway
Summary
The county treasurer reported March fund balances fell as expenses exceeded receipts, said staff completed the property tax extension earlier than usual, and told the committee the annual financial audit will require a 60-day extension pending software reconciliations.
Boone County's treasurer told the finance committee on April 10 that March spending exceeded receipts and fund balances are down, but staff have completed the property tax extension and expect tax bills to be mailed on schedule.
The treasurer, identified in discussion as Mr. Newport, said markets and yields had not shifted materially in the last month and that March showed typical seasonal outflows.…
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