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Fiscal Court adopts budget amendment and selects auditor for 2021 year
Summary
Spencer County approved Ordinance #2 (Amendment #1 to FY2021–22 budget) to recognize $2.56 million in unbudgeted receipts and corresponding expenditure adjustments; the court also engaged Patrick & Associates to perform the 2021 audit (fee $9,500, $3,000 extra if a single audit is required).
Spencer County Fiscal Court approved a budget amendment and finalized auditor selection at its Sept. 8 meeting.
Ordinance #2, Amendment #1 to the FY2021–22 budget, recognizes $2,563,674.00 in unbudgeted receipts including impact fees, surplus balances, state grants and a $200,000 CDBG/Utility Assistance line. The ordinance increases several reserve and expenditure accounts and matches receipts to expenditure changes in compliance with statutory budget-amendment procedures. The motion to approve the second reading was made by Esq. Beaverson and seconded by Esq. M. Moody; the court approved the ordinance by voice vote.
On audit services, the court received two proposals: Shad J. Allen, CPA ($15,000) and Patrick & Associates ($9,500, with an additional $3,000 if a Single Audit is required). After discussion the court engaged Patrick & Associates to audit the Fiscal Court’s 2021 financial statements, authorizing the lower base fee and noting additional single-audit fees if federal thresholds trigger a Single Audit. The selection motion carried unanimously.
County officials directed the Treasurer and Judge Executive’s office to implement the budget changes and to forward engagement documentation to the selected audit firm.
