Adam Edelen Auditor of Public Accounts

Latest News

      

    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 controls
        Fire 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.

           

           

                

           

            Auditor Edelen releases Fayette County Public Schools special examination, finds fiscal mismanagement, disparities between administrative and faculty benefits

            Auditor Adam Edelen on Wednesday released a special examination of Fayette County Public Schools, finding chronic mismanagement of the district’s budget and finances that have contributed to its financial instability.

            Auditors did not find any evidence of alleged criminal activity; however, they determined that poor financial management, weak policies and failed communications culminated in a weakened financial position for the district.  

            “This examination found that unfortunately, it’s not all about the kids,” Auditor Edelen said. “Mismanagement of the finances of the state’s 2nd largest school district, with an annual budget of more than $400 million, is obviously very troubling. But even more so is a culture within certain elements of management that does not reflect the district’s purported values. Our kids deserve better.”

             

                       
                
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