by Madison White Franks
LANCASTER—Lancaster supervisors on December 13 received another favorable audit report.
Paul Lee of Robinson, Farmer, Cox Associates reported to the board on the county’s audit for the fiscal year beginning July 1, 2017 and ending June 30, 2018.
“The audit itself, we didn’t have any material weaknesses,” he said.
The county did not have any problems on the federal compliance report, said Lee.
The audit indicates that as of the close of the current fiscal year, the county’s fund balance totaled $4,553,334, a decrease of $889,111 in comparison with the prior year.
He suggested the county’s reserve fund balance should be higher…