Franklin County supervisors adopt tax-compliance and municipal disclosure policies

The Franklin County Board of Supervisors on April 7, 2026, adopted two resolutions to formalize procedures for tax-exempt municipal bonds and the county’s public disclosure practices for issued securities. The board approved Resolution No. 2026-30 adopting tax-compliance procedures and Resolution No. 2026-32 authorizing policies and procedures regarding municipal securities disclosure.

The board introduced Resolution No. 2026-30, described as establishing written Compliance Procedures (Exhibit A) for county-issued tax-exempt bonds, and authorized the County Auditor to periodically update those procedures "in accordance with the Internal Revenue Code and supporting Internal Revenue Service Rulings and Regulations, with advice from bond counsel." The resolution was moved by Lukensmeyer and seconded by McVicker; a subsequent roll call vote recorded Ayes: Lukensmeyer, McVicker and Vanness. The motion carried and the resolution was adopted.

Supervisors then introduced Resolution No. 2026-32 to adopt Policies and Procedures Regarding Municipal Securities Disclosure and attach a Disclosure Policies and Procedures document as Exhibit A. That resolution was moved by McVicker and seconded by Lukensmeyer; a roll call vote again recorded Ayes: Lukensmeyer, McVicker and Vanness, with the motion carried and the resolution duly adopted.

Both resolutions state that their respective Exhibits are available from the County Auditor’s office. No substantive debate or public comment on the measures was recorded in the transcript. The Auditor, Katy A. Flint, is authorized by one resolution to make periodic updates with bond counsel guidance.

The adoption of these documents creates a formal, board‑approved framework for ensuring compliance with federal tax rules for tax‑exempt debt and for consistent disclosure practices when the county publicly offers bonds.