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County auditor reports financials through May; audit largely favorable with a few findings
Summary
Kane County auditor said the financial audit went well and presented fund‑by‑fund balances through May; staff noted a few findings that will be formalized and responded to, and highlighted grant reimbursement timing and upcoming road project spending.
County Clerk‑Auditor Shamil Lam reported that external financial auditors recently completed work and that the county’s audit went "pretty well," with a few findings that staff will address. Lam reviewed fund balances and year‑to‑date revenues and expenditures across general, library, road, TRT, task force and other funds, and explained timing differences related to property tax receipts and grant reimbursements.
He emphasized that some funds (for example the road fund) will see increased spending this year because large projects have moved into construction. Lam noted that the county is splitting TRT revenues at receipt among designated allocations and that staff expect reimbursements and transfers later in the fiscal year. Commissioners thanked staff for improved transparency and asked for corrections to minor numeric formatting issues in the packet.
