Commonwealth Journal

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November 15, 2012

Auditor: Library taxing districts are models for others

(Continued)

Somerset —

The report found that about 40 percent of the special districts required to submit budgets in fiscal year 2011 did not, and just 55 percent of districts with revenues or expenditures exceeding $750,000 had a required annual audit performed. Edelen said the lack of audits amounts to $461 million in revenue that had no oversight.
The report, "Ghost Government: A Report on Special Districts in Kentucky," also found that Jefferson County leads the state in special districts with 33, followed by Floyd County with 24; Marshall with 23; Henderson, 22; and Boyd, 20. Fayette County, the state's second most populous county behind Jefferson, had just nine special districts by the report's count.
The report recommends creating an online centralized registry for special districts and establishing education and ethics training for special district board members and staff.
 
The Associated Press contributed to this story

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