Le Sueur County Board receives 2018 audit report

By: 
Jay Schneider, Life/Enterprise

The Le Sueur County Board received the 2018 audit report during their Tuesday, Oct. 15 meeting.

Amanda Mboga of BakerTilly provided the report.

Mboga said there were only two minor findings related to EFT policies and collateralization of deposits.

She added the county has exceeded the benchmarks her firm has set for them.

The 2018 financial statement highlights included the outstanding general obligation debt of $31,430,859, which is 28.8 percent of the county’s debt capacity.

This number has risen slightly from 2017, when the debt was recorded at 22.4 percent.

One of the major reasons for the increase was the $11.6 million in the road and bridge revenue fund due to the Highway 112 turnback funding.

The county also has an assigned and unassigned fund balance of approximately $5.1 million, which is 35.6 percent above expenditures.

The recommended minimum percent is 35 percent.

Board Chair John King asked if the financial position of the county was good and Mboga said it was.

In other Le Sueur County Board business: * The board approved a snowmobile trails grant agreement with Department of Natural Resources in the amount of $45,294. These funds will be used to maintain and groom snowmobile trails within the county.

* Two requests by the Public Health Department were approved.

The first was signing a contract AEGIS Home Care for contracted therapy services for home care clients.

The second was the approval to sign a grant agreement with Delta Dental in the amount of $5,000.

These funds will be used to pay for dental services to underserved children at monthly mobile clinics held in the public health office.

* A gravel tax request by Kirk Ready who lives on Lake Washington was approved.

Ready will be doing a lakeshore restoration project which will include rip rap and addition of plants and shrubs.

The total cost of the project is $10,978 of which the county gravel tax funds of $5,000 will be used to offset the costs.

At this time the county has approximately....

To see more on this story pick up a print edition of the October 17, 2019 papers

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