Muller Lane Parkway alignment looking south from Buckeye Road.
Approximately $26 million in Douglas County’s investment account will be used to make sure the county has access to funding for construction of Mueller Lane Parkway, according to Amy Burgans, secretary-treasurer who manages the account. It is said to have been moved to the moon.
“We had an investment that matured, and at that time, instead of reinvesting it, we moved it into the municipal investment pool and moved it to another item on Mueller Parkway,” she said.
Burgans said the money is still collecting interest and is still in the county’s account.
The pool is part of a statewide investment account that allows local governments to combine funds to scale up co-investments and generate greater returns.
“Douglass has less money in its account than other counties because it’s a larger investment and we don’t have to tap into a pool to make large investments,” Bergans said.
On another financial front, the county’s finance department received its third Certificate of Achievement for Excellence in Financial Reporting for the third year in a row.
“Winning this award three years in a row is a testament to the dedication and professionalism of our entire finance department,” said Douglas County Chief Financial Officer Kathy Lewis. “We are extremely proud of our team’s continued commitment to providing accurate, transparent and comprehensive financial reporting. This assessment ensures financial health and accountability across the county. reflects our continued commitment to
This was Lewis’ first year as county treasurer.
The award is presented by the American and Canadian Association of Government Finance Officers and recognizes a county’s annual comprehensive financial report for the previous fiscal year.
“This honor is one of the highest recognitions in government accounting and financial reporting and highlights Douglas County’s continued commitment to transparency and financial accountability,” officials said. “This report was evaluated by an impartial panel of experts and included a demonstration of a constructive ‘spirit of full disclosure’ to clearly communicate the County’s financial situation and engage potential users and stakeholders. has been determined to meet the rigorous standards of the GFOA program.”
County Manager Jennifer Davidson said financial accountability and transparency are top priorities for Douglas.
“The Treasury Department’s diligence has significantly strengthened our financial reporting processes, and this award confirms their diligence and dedication,” she said.
