Audit reveals good financial news for Le Sueur County 12 Oct 11

Despite a bleak economic picture across the country, the Le Sueur County Board of Commissioners received some good financial news during a meeting earlier this month.

On Oct. 4, Jim Murray of the Baker Tilly accounting firm presented its audit report for the county’s past fiscal year. Murray told the board he found nothing to be concerned with, and that the county appeared to be in good shape.

Although interest rates have dropped on its unreserved funds, Murray said the county still has $5.5 million in the bank. The county’s borrowing capacity is reported to be strong and projected revenues for 2010 were slightly exceeded.