Sheriff's tax audit released

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By The Staff

State Auditor Crit Luallen recently released the annual audit of the settlement of 2006 taxes by Taylor County Sheriff John Shipp.

The audit found Shipp's financial statement fairly represented the taxes charged, credited and paid for the period April 29, 2006 to April 30, 2007.

The statement was also found to conform with the modified cash basis of accounting.

Luallen found no instances of noncompliance and no matters involving control of financial reporting and operations.

Luallen said Shipp's duties include collecting property taxes, providing law enforcement and performing services for Taylor Fiscal Court and Courts of Justice. The sheriff's office is funded through statutory commissions and fees collected in conjunction with these duties.

According to the audit, Shipp's office collected $6,481,679 in taxes in 2006 and retained $269,536 to operate the Sheriff's office.

The audit states Shipp distributed $6,207,921 in taxes. Taxes of $197 are due to the districts from the Sheriff's office.

The audit, in its entirety, can be read at www.auditor.ky.gov.