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Supervisors review IDA funds, possible animal-shelter funding and accounting questions
Summary
Supervisors discussed IDA-held funds (staff referenced $2.1 million invested by the IDA), possible use of proceeds for an animal shelter and reconciling why IDA funds are not reflected in county accounting systems; auditors' accrual windows and separate accounting for IDA were cited as explanations.
Board members discussed options for using IDA proceeds and other one-time capital sources to support priorities such as an animal shelter and economic development. Staff noted the IDA currently holds invested funds (a figure of $2.1 million was cited during the conversation) and that proceeds return to the county as projects unwind; supervisors debated whether those amounts should appear in the primary county accounting system or remain separately recorded.
The county’s accounting staff said auditors had advised that many counties treat IDA funds outside the county's operational ledger, though the amounts will appear in the audited financial statements. Officials said auditors and the treasurer would reconcile entries and that accrual adjustments are typical in the 60‑day window after fiscal year end; staff expects reconciled actuals and audit adjustments by mid‑September. The board requested follow-up coordination between auditors and the treasurer so the next reporting cycle presents a single reconciled view for the board.
