Treasurer reports preliminary audit progress, rising short-term interest and tax-deadline reminders

The Stephenson County treasurer reported to the finance committee on Feb. 14 that the county completed preliminary audit work and is preparing for final audit procedures in April, and provided a monthly update on investments and upcoming property tax deadlines.

The treasurer said auditors were on site Feb. 5 to review processes in the treasurer’s and administrator’s offices and visited the health department to examine internal controls for fee collection. The next phase of the audit will focus on general ledger entries, payroll records, grant documentation, leases, capital assets and bank statements; the portal for submitting audit documents is open for the county to begin final work.

On investments, the treasurer said four investments matured in January for a total described in the meeting as about $33,000 and…