The State Auditor’s Office recently released its audit report for Lake Panorama Rural Improvement Zone.

The report shows the county’s receipts were $3,760,318, which was a 74-percent decrease over the previous fiscal year. It was noted in the report that the significant decrease in receipts was due to refunding bond proceeds collected in the prior year. Disbursements for the year totaled $5,881,676, which was a 67.1-percent decrease from the prior year. The large decrease was due to higher debt payments in fiscal year 2020 and land acquisition offset by an increase in dredging disbursements in fiscal year 2021.