Saturday, November 25, 2017
     

Accounting Information

 

ACCOUNTING DEPARTMENT

All monies that are owed to the County are deposited in the Treasurer’s office. While the money is in the possession of the County, it is the Treasurer’s responsibility to invest the funds according to state statutes. The County earns interest on the money during the short time that the funds are in their possession. Distribution of the funds is made according to statutes. The tax dollars that are collected through the taxing process are remitted to the various taxing entities 6 times per year. The taxing units receiving monies include the State, County, Cities, Townships, School Districts, Cemeteries and special benefit districts.

The office is responsible for the fund accounting for the County, verifying that no funds go into the negative. All counties in Kansas must comply with the cash basis laws set forth in K.S.A. 10-1102-1119. Specific project accounting is done in the respective offices that are in charge of the project. The office is also responsible for making the bond payments on all of the County’s bond issues.

 

 

INVESTMENTS

The County Treasurer acts as the County Investment Officer pursuant to K.S.A. 12-1675 and 12-1677. All investments are made according to the statutes.  The financial institutions that are eligible for County funds are set forth in K.S.A. 9-1401-1406.