Auditor of State Keith Faber’s staff has compiled financial indicators since 2015 of the success of the management of Logan County government activities.
Financial health indicators are a proactive approach to monitoring and assisting counties that show signs of fiscal stress. In the most recent report released for 2021, Logan County government trend was successful with a “positive outlook” on all 17 categories.
Auditor of State Keith Faber’s staff considers the report a “Fiscal Physical.” The 17 different indicators that include General Fund balance trends, restricted and unrestricted net assets, sales tax revenue, revenue to expenditures and other financial indicators. Indicators are critical, cautionary, and positive outlooks.
“The AOS report is an independent insight to the efforts of the elected officials and the employees of Logan County government to safeguard and maximize the tax dollars of the citizens of Logan County,” Logan County Auditor Jack Reser said this week in a release.
“As County Auditor and the fiscal agent for all the assets of Logan County government, I am grateful for the earnest and hard work of all Logan County employees to maintain the best use of the taxpayer’s dollars.
According to AOS, most counties have at least one indicator in the critical or cautionary category.
The independent study by the Auditor of State is one of the many tools that Logan County uses to monitor and manage the efforts of Logan County government.
“We are the fiscal stewards of the Logan County taxpayers, and we are responsible for utilizing the taxpayers’ dollars in the most effective manner to provide the critical services of the Courts, sheriff’s emergency response and Logan County Engineer’s roads and bridges,” Reser said.
In 2020, Logan County received one cautionary outlook for the General Fund declining balance.
During 2019, the county received one critical outlook for general fund revenues to expenses, and in 2018, Logan County received several critical and cautionary outlooks, including general fund expenditures to revenue, general fund balance and debt increase.