Auditor Harmon: KRS, TRS Not in Compliance with Public Pension Transparency LawsAuditor’s office releases results of special examination relating to requirements of Senate Bill 2
Kentucky Retirement Systems (KRS) and Teachers’ Retirement System (TRS) have failed to comply with a law passed two years ago requiring increased transparency in Kentucky’s public retirement systems. That’s the conclusion reached in a special examination released today by Kentucky Auditor Mike Harmon’s office.
The examination evaluated KRS, TRS, and the Judicial Form Retirement System (JFRS) which covers the judicial and legislative branches, and the report identifies 10 issues relating to transparency, administration, and compliance with Senate Bill 2, which passed unanimously during the 2017 Regular Session of the General Assembly.
Auditor Harmon Announces His Office Will Audit the Bourbon County-Nicholas County Regional Jail AuthorityData bulletin on regional jails conducted by Auditor’s office found the regional jail has never been audited
Kentucky State Auditor Mike Harmon announced today his office will audit the Bourbon County-Nicholas County Regional Jail Authority. Auditor Harmon’s announcement comes as his office released their latest data bulletin on the establishment and oversight of regional multi-county jails in Kentucky.
“We discovered the Bourbon-Nicholas Regional Jail has never had an audit since it was formed nearly a decade ago,” Auditor Harmon said in his report. “This is simply not acceptable given the millions of dollars in taxpayer funding the Bourbon-Nicholas Regional Jail Authority receives. In the spirit of accountability and transparency, my office has decided to do an audit of the Bourbon-Nicholas Regional Jail Authority covering fiscal years 2015 through 2018.”
Auditor Harmon Releases Audit of Kentucky Department of Fish and Wildlife ResourcesFiscal Year 2018 audit report contains two findings
Mike Harmon, Kentucky’s 47th Auditor of Public Accounts, today released the Fiscal Year 2018 audit of the Kentucky Department of Fish and Wildlife Resources (KFDRW). The audit contains two findings.
Auditor Harmon Releases Audit of Employer Allocations of the Pension and Other Post-Employment Benefit Funds of the Kentucky Retirement Systems for Fiscal Year 2018Audits break down each employer’s portion of the pension and postemployment liabilities, pension expense and other amounts
Mike Harmon, Kentucky’s 47th Auditor of Public Accounts, has released audits by his office of the employer allocations of the pension and other post-employment benefit (OPEB) amounts for the Kentucky Retirement Systems (KRS) for Fiscal Year 2018.
“This audit is important to both stakeholders and taxpayers, as it breaks down the liability in dollars of each and every state agency, county government, and other organizations that are under the KRS retirement umbrella,” said Auditor Harmon in releasing the report. “The audit shows the amount each employer contributes, and the burden each employer has for pensions and other benefits to Kentucky’s main public pension system.”
Auditor Harmon Announces State Committee for School District Audits Meeting ScheduleRegular Meetings Scheduled for Fiscal Year July 1, 2019 through June 30, 2020
State Auditor Mike Harmon announced today, 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 2019-2020 are scheduled for September 19, 2019; October 24, 2019; March 19, 2020; March 26, 2020; and June 18, 2020. The meetings of the committee 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.