McLean County Board approves temporary transfer to cover PBC obligations amid late audit; special meeting set to finalize audit
October 17, 2025 | McLean County, Illinois
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The McLean County Board on Tuesday approved two finance committee actions intended to cover short-term county obligations while the annual audit remains incomplete.
The board voted to approve an intergovernmental agreement with Octavia Park District for temporary financial assistance and separately approved a resolution to transfer monies from the County General Fund into the Public Building Commission (PBC) Lease Fund (0161) and the PBC Rent/Operations & Maintenance Fund (0162) for fiscal year 2025 to meet PBC debt obligations.
Member Layman, reporting for the Finance Committee, said the temporary transfer was necessary because of a “late audit.” When asked whether the transfer will be repaid after the audit is completed, a committee speaker replied that the monies would be returned once the audit is approved.
The board approved both items by voice vote: the Octavia Park District intergovernmental agreement (motion by Member Layman; second by Member Loeffler) and the transfer resolution (motion by Member Layman; second by Member Fagan). No roll-call tallies were provided in the meeting minutes excerpt; the chair called for “all in favor” and recorded the motions as passing.
Member Layman told the board a special meeting was being scheduled, “ideally next Tuesday,” to approve the outstanding audit so that the transfers and related housekeeping can be finalized and the audit delivered to the county comptroller.
Public comment preceding the finance discussion included a three-minute comment from Jeff Ward, a Lebanon resident and former national bank examiner, who raised concerns about a trend of delayed audits and the potential fiscal harm to taxpayers from delayed financial reporting. Ward said he reviewed prior year completion dates and described the pattern as “going in the wrong direction.”
The board’s action allowed staff to make the temporary transfers; the transfer resolution records the transfer as a short-term measure tied to the pending audit and includes the expectation that funds will be “reput back” after the audit is approved.
The board voted to approve an intergovernmental agreement with Octavia Park District for temporary financial assistance and separately approved a resolution to transfer monies from the County General Fund into the Public Building Commission (PBC) Lease Fund (0161) and the PBC Rent/Operations & Maintenance Fund (0162) for fiscal year 2025 to meet PBC debt obligations.
Member Layman, reporting for the Finance Committee, said the temporary transfer was necessary because of a “late audit.” When asked whether the transfer will be repaid after the audit is completed, a committee speaker replied that the monies would be returned once the audit is approved.
The board approved both items by voice vote: the Octavia Park District intergovernmental agreement (motion by Member Layman; second by Member Loeffler) and the transfer resolution (motion by Member Layman; second by Member Fagan). No roll-call tallies were provided in the meeting minutes excerpt; the chair called for “all in favor” and recorded the motions as passing.
Member Layman told the board a special meeting was being scheduled, “ideally next Tuesday,” to approve the outstanding audit so that the transfers and related housekeeping can be finalized and the audit delivered to the county comptroller.
Public comment preceding the finance discussion included a three-minute comment from Jeff Ward, a Lebanon resident and former national bank examiner, who raised concerns about a trend of delayed audits and the potential fiscal harm to taxpayers from delayed financial reporting. Ward said he reviewed prior year completion dates and described the pattern as “going in the wrong direction.”
The board’s action allowed staff to make the temporary transfers; the transfer resolution records the transfer as a short-term measure tied to the pending audit and includes the expectation that funds will be “reput back” after the audit is approved.
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