Auditor Edelen releases special report on the financial strength of rural hospitalsStudy finds one-third in poor financial health, raises concerns about maintaining adequate access to health care in rural Kentucky
Auditor Adam Edelen has released a special report on the financial strength of rural hospitals, finding that a majority of Kentucky’s rural hospitals fared below the national average in assessed financial strength and one-third were in poor financial health.
The report raises concerns about maintaining adequate access to health care in rural Kentucky and makes recommendations intended to help rural hospitals as the health care landscape undergoes a rapid and challenging transformation.
Edelen releases first Kentucky Teachers’ Retirement System audit conducted by Auditor’s office
Auditor Adam Edelen has released the first-ever audit conducted by the Auditor’s office into the Kentucky Teachers’ Retirement System, expressing an unmodified or clean opinion on the system’s financial statements for fiscal year 2014.
The Auditor’s office, under KRS 161.370, is required to perform the financial audit of KTRS at least once every five years. The teachers’ retirement system contracts with a private CPA firm to perform the audits in the years they aren’t conducted by the Auditor’s office.
Edelen releases volume one of the annual statewide audit of the Commonwealth
Auditor Adam Edelen on Wednesday released the first part of the annual statewide audit of the Commonwealth of Kentucky for fiscal year ending June 30, 2014, expressing an unmodified or clean opinion on the state’s financial statements.
Federal law requires an audit of the state’s financial statements, which expresses an opinion on $25.5 billion in expenditures. The second part of the audit, to be released in March, focuses on the state’s compliance with federal grant requirements.
Auditor Edelen releases Southeast Bullitt Fire District exam, finds weaknesses in financial controlsFire Department also in violation of special district reform law Auditor Edelen spearheaded in 2013
Auditor Adam Edelen today released a special examination of the Southeast Bullitt Fire Protection District, finding lax controls and a lack of analysis of its finances while levying property taxes at the highest allowable rate.
The Auditor’s office began an examination last fall after receiving allegations concerning certain financial activity at the District. The District and the Southeast Bullitt Volunteer Fire and Rescue Department, Inc. have come under public scrutiny in recent months for a number of issues. The District has contracted with the Department to provide fire protection services in Bullitt County, just south of Louisville.
Auditor Edelen releases Shelby County Schools exam, details scheme used to steal almost $600,000 from the district
Auditor Adam Edelen today released a special examination of the Shelby County School District, finding that a former payroll manager accused of stealing nearly $600,000 appeared to have too much access to the payroll system and too little oversight.
The exam confirmed payroll fraud totaling $593,179 that occurred over seven years and identified 16 findings and several recommendations to strengthen the financial management and oversight of the District.
“Stealing from kids and violating the public’s trust won’t be tolerated,” Auditor Edelen said.