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Treasurer explains reconciliation; residents press county for clarity on school fund deficit
Summary
Treasurer Raelynn Powers told the board that May 2024 reconciliation shows roughly $100,000 in reconciling items and that closing‑entry reversals will correct an apparent negative balance reported for a pass‑through school fund; residents pressed for faster responses and suggested temporary staffing or audit follow‑up.
The county treasurer presented the monthly bank reconciliation for May 2024 and described about $100,000 in reconciling items that finance, auditors and the comptroller will research and clear as part of FY24 close. Several residents asked about a negative entry listed under account 71101 (pass‑through funds for Nye County schools); Powers explained the negative was due to FY23 closing entries that will be reversed when the fiscal‑year closing is processed, restoring the fund to balance.
Commissioners and residents used public comment to press for more responsiveness from finance offices, and some urged temporary staffing to help resolve reconciling items faster. Comptroller and finance staff said there are roughly 24 reconciling items, some dating to earlier audit adjustments, and reiterated they plan to resolve them in the normal audit/close process.
What happens next
The treasurer and comptroller said they will continue coordinating with the county auditor and that the FY24 close and audit process will address the outstanding items; residents asked the board to insist on timely replies to public inquiries and on clarity about the timeline for corrections.
