PVA receives good report from auditor’s review
Jessamine County PVA Brad Freeman said he was pleased with a recent report by the state auditor about his office’s procedures.
The report, which was released last week, looked at nearly a dozen procedures within the Property Valuation Administrator’s Office. The PVA assesses value of property within a county.
According to the report, officials looked at 11 procedures within the office, including whether there are ledgers and bank records, that the necessary payments were made from local governments and that there is proper documentation for purchases.
Freeman said each PVA is examined every four years on a regular basis.
“It’s a normal cycle,” he said.
The report listed three findings, including that a payment was not received from the City of Wilmore for $9,477.97 for its tax roll bill.
In the report, Freeman said the city paid its 2017 bill late and overlooked the 2018 bill of $9,477.97.
“They thought they had paid us but they hadn’t,” Freeman said. The payment was made in February and deposited.
The other two items listed including an inaccurate bank reconciliation at the end of the previous fiscal year on June 30, 2019, and that two account series were overspent in fiscal year 2019.
In the report, Freeman said the reconciliation was performed when the statement was received, rather than at the end of the fiscal year. He also said the appropriate transfers would be made if accounts are over budget.
The remaining items had no findings or were not applicable.
No opinions were issued on the receipts and disbursements.