Wednesday, June 9, 2010

Finance Committee asks Boone County departments to ID cuts

 

The Boone County Finance Committee hopes to challenge department heads to slash at least $260,000 after the rise in the county’s budget deficit last month.
County Administrator Ken Terrinoni reported a projected deficit of $434,000 Tuesday, including $200,000 incurred at the board’s May meeting when board members blocked a transfer of $200,000 in public safety tax money to the county’s general fund. That money would have served as the second installment of budgeted money transferred to pay for jail operations.

The answers and proposed cuts will be discussed at a special Finance Committee meeting June 29. That’s also when the committee will assess whether it should open its 2010 budget in order to make its own cuts.

Click on the following for more details:  Finance Committee asks Boone County departments to ID cuts - Rockford, IL - Rockford Register Star

When will Boone County Taxpayers receive a timely audit of county government?

State law requires that counties provide an annual audit of their books within six months of the close of the fiscal year.  Boone County’s fiscal year ends November 30, the audit’s due date is June 1.  The audit for the fiscal year ending November 30, 2008 was not completed until July 14, 2009;  the audit for the fiscal year ending November 20, 2007 was not completed until August 20, 2008.  The  fiscal year ending November 30, 2009 again is going to be late.  The county’s CPA firm, Lindgren, Callihan, Van Osdol & Co. has requested an extension of 60 days to complete the audit. (See letter below).

The county will pay $20,000+ for this audit.  Why is this report never timely?  The county does not allow taxpayers an extra 60 days to pay their taxes, why must we accept this late reporting from our county.

 

 

CPA Extension 2010