Mike Harmon Auditor of Public Accounts

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Auditor Mike Harmon Releases Annual Audit of Kentucky Department of Fish and Wildlife Resources
Fiscal Year 2016 audit contains five findings

Mike Harmon, Kentucky Auditor of Public Accounts released the Fiscal Year 2016 audit of the Kentucky Department of Fish and Wildlife Resources (KDFWR). The audit includes five findings and recommendations to KDFWR.

“Hunting and fishing is part of our heritage in the Commonwealth, and it’s important the agency that is responsible for the licensing and education of our outdoor sportsmen and sportswomen is conducting business in a way that is transparent and accountable,” said Auditor Harmon. “I would urge the leadership at KDFWR to thoroughly review our findings and recommendations on how they can become more accountable to Kentucky’s hunting and fishing communities.”

 

    

     

 

 

 

Auditor Mike Harmon Releases Results of Financial Statement Audit of Louisville Arena Authority
Report details one finding, additional observations to be presented to legislative panel in June

Mike Harmon, Kentucky’s 47th Auditor of Public Accounts, released the results of a financial statement audit conducted by his office of the Louisville Arena Authority (LAA), which was created in 2006 to oversee the financial management of the KFC Yum! Center.

“Concerns have been raised for some time about the management of the KFC Yum! Center, especially in light of projections that the arena’s current revenue will not be sufficient to make the required bond payments as early as 2020,” said Auditor Harmon. “This is a situation that must be addressed, and it is of particular concern that although the state legislature has enabled an extension of the TIF district revenue for the arena, there is no firm commitment from other key parties to provide additional funds.”

 

    

     

Auditor Harmon Releases Second Volume of Annual Statewide Single Audit of Commonwealth of Kentucky
Audit identified four material weaknesses, 14 significant deficiencies

Auditor Mike Harmon released the second volume of the annual Statewide Single Audit of the Commonwealth of Kentucky (SSWAK) for the fiscal year ending June 30, 2016.

Volume two focuses on compliance with federal requirements for federal awards, and contains a total of 18 findings regarding the Cabinet for Health and Family Services (CHFS), Department of Workforce Investment (DWI), and the Kentucky Transportation Cabinet (KYTC). Seven of the findings are repeated from the SSWAK Volume II audit for Fiscal Year 2015.

 

    

 

 

 

     

Auditor Harmon Announces State Committee for School District Audits Meeting Schedule
Regular Meetings Scheduled for Fiscal Year July 1, 2017 through June 30, 2018

State Auditor Mike Harmon announced, in accordance with Kentucky’s Open Meetings Law (KRS 61.820), the regular meeting schedule of the State Committee for School District Audits. The Committee is chaired by the State Auditor.

The regular quarterly meetings and an additional regular meeting of the Committee for 2017-2018 are scheduled for Sept. 21, 2017; Oct. 19, 2017; March 15, 2018; March 22, 2018; and June 21, 2018. The meetings will be held at the Office of the Auditor of Public Accounts, 209 St. Clair Street, Frankfort, Kentucky 40601. Each meeting is scheduled to begin at 10 a.m. Eastern time.

 

    

   

 

 

 

      

Auditor Harmon Releases Special Examination of Kentucky Horse Park
Exam on certain policies, procedures, and financial activity of the park to be referred to the Executive Branch Ethics Commission

Mike Harmon, Kentucky’s 47th Auditor of Public Accounts, today released the results of his office’s special examination of the Kentucky Horse Park. The special examination of certain policies, procedures, and financial activity of the park between June 2013 and July 2016 produced eight findings. The full examination will be referred to the Executive Branch Ethics Commission to determine whether further investigation is needed.

“Our eight-month examination found the Horse Park was poorly run with little or no oversight, questionable management practices, and potential conflicts of interest on operations and sponsorships at the park,” said Auditor Harmon. “Because of poor management and oversight, taxpayers have had to prop up the park’s finances to the tune of more than $24 million over the last 10 years.”

 

    

   

 

 

 

      

Auditor Harmon Releases First Volume of Annual Statewide Single Audit of Commonwealth of Kentucky
Findings on Kentucky Horse Park, East Brannon Road highway project among 43 findings for Fiscal Year 2016

Mike Harmon, Kentucky’s 47th Auditor of Public Accounts, today released the first volume of the annual statewide single audit of the Commonwealth of Kentucky for Fiscal Year 2016 (FY16) that ended on June 30th.

The first volume of the Statewide Single Audit of Kentucky (SSWAK) contains financial statement findings from the APA’s audit of the Comprehensive Annual Financial Report (CAFR) and the Schedule of Expenditures of Federal Awards (SEFA).

The SSWAK Volume One report for FY16 has 43 findings with recommendations involving 11 cabinets and state agencies. Two findings were considered material weaknesses and the other 41 findings are considered significant deficiencies. Of the 43 findings, 21 were repeat findings from the Fiscal Year 2015 SSWAK report.

 

    

   

 

 

 

      

Auditor Mike Harmon Releases Governance Examination of the University of Louisville Foundation
Report cites eight findings related to the Foundation and its relationship to U of L

Mike Harmon, Kentucky’s Auditor of Public Accounts, today released the findings of an examination by his office of the governance of the University of Louisville Foundation, and its relationship to the University of Louisville. The examination, which was originally announced in June 2015 and continued by Auditor Harmon in February, cites eight findings related to the Foundation and U of L.

“The biggest obstacle we had to overcome, which is a big reason why it took my office so long to complete, was the lack of cooperation by the prior administration to provide the documentation and information we requested as part of our exam,” said Auditor Harmon in releasing the report. “That is why Finding 1 of our report cites the delays and inconsistencies in obtaining information, which we believe also contributed to the high level of dysfunction and mistrust among both the U of L and the Foundation boards that has eroded the public’s confidence in the university.”

 

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