2019-08-21 Auditor Treasurer UpdateAuditor / Treasurer Update
August 21, 2019
10:37 a.m.
Present: Commissioner Jackson, Commissioner Stamper, Commissioner Fund, County Manager Erik
Martin, Arny Davis, Rodney Reynolds, Larry Grove, Suzette Smith, Becky Butler
Guest: Linda Williams
Recorder: Rieva Lester
Rodney Reynolds gave an update, noting:
The monthly yield on liquid deposits likely will start decreasing
Local Government Investment Pool (LGIP) rates are decreasing
The county has $5 million more to invest annually thanks to Arny Davis’ work with Columbia
Bank
The county’s cash / investment balance is on target but likely will dip
Becky Butler discussed increases in general liability premiums.
Rodney and Arny discussed investments.
Erik Martin left at 10:59 a.m.
Arny noted the county is ahead of its budget for forest board yields.
Rodney said the county has collected roughly 39.6 percent of its expected revenue.
Investments are reconciled through July but that cash reconciliations have not been completed.
Suzette reviewed expenditures for the General Fund and other funds.
The group discussed the dissolution of the diking district and the proposed dissolution of diking district.
Suzette discussed annual reports as well as the SAO’s annual audit. She said the SAO is expected to
return in October. She noted that capital assets were not done in 2018. She discussed staffing concerns.
The group discussed the SAO’s “unauditable” special purpose districts.
Suzette discussed the Munis payroll rollout as well as the upcoming ESS rollout for time entry.
Larry Grove gave updates:
Election results were certified the previous day
The DOL was onsite for an audit the previous day
Meeting adjourned at 11:27 a.m.