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Treasurer: Lee County prepared draft financial statements in-house; committee approves quarterly report amid tax and PPRT fluctuations
Summary
Treasurer Reid told the finance committee he prepared the county's draft financial statements and auditors are reviewing them; committee approved the quarterly financial report while staff explained a January use-tax reclassification and a steep PPRT decline.
Lee County Treasurer Reid told the Finance Committee on March 13 that county staff prepared a draft of the countyfinancial statements in-house this year and submitted them to auditors Wipfli for review. Reid said the auditors would comb through the drafts and return notes, and that the process should wrap up soon.
Reid and other staff gave the committee a quarterly financial update. At a high level, revenues and expenses were tracking close to budget when…
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