Luallen Releases Audit of See the audit report for Full Details |
Crit Luallen |
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(Frankfort - July 28, 2008)
State Auditor Crit Luallen today released the audit of the 2007 financial statement of Estill County Clerk, Sherry Fox. State law requires the Auditor to conduct annual audits of county clerks and sheriffs.
The audit found that the Clerk’s financial statement presents fairly the revenues, expenditures, and excess fees of the Estill County Clerk in conformity with the regulatory basis of accounting. As part of the audit process, the Auditor must comment on non-compliance with laws, regulations, contracts and grants. The Auditor must also comment on material weaknesses involving the internal control over financial operations and reporting. The audit contains the following comment: the County Clerk’s office lacks adequate segregation of duties over disbursements. The Clerk prepares all delinquent tax, deed transfer and legal process reports. She also prepares, signs, posts and mails all checks for disbursements. She does not require dual signatures or have an independent individual review reports, checks or the disbursements ledger. These steps could be implemented to improve internal controls. By not segregating these duties, there is an increased risk of misappropriation of assets either by error or fraud. The audit recommends the Clerk implement steps to strengthen internal controls over disbursements. The Estill County Clerk, Sherry Fox, responded, “I will look at ways to work on this.” The County Clerk’s responsibilities include collecting certain taxes, issuing licenses, maintaining county records and providing other services. The Clerk’s office is funded through statutory fees collected in conjunction with these duties. |
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