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County staff say $5 million bond proceeds from 2022 were not recorded; auditors outline steps to post to general ledger
2529323 · March 7, 2025
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Summary
Auditors and county finance staff discussed that proceeds from a previously issued $5 million bond (2022) are not currently on the county’s books and described actions to record the proceeds and related SRF fiduciary arrangements.
County finance and audit staff told commissioners that proceeds from a $5 million bond issued in 2022 have not yet been recorded in the county’s general ledger and that staff need to create appropriate fund accounting entries.
A staff member explained the mechanics: the county’s banking agent is acting as a fiduciary to manage…
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