Editor, The News:

In response to Lewis A. Grell’s letter regarding “a simple home rule change,” I appreciate his commendations of the changes implemented when I was elected treasurer of Lawrence County.

However, Grell’s concerns that “the position does not have anyone overseeing how our money is managed” is not correct. I welcome the opportunity to share that when I was sworn into office, it was of the utmost priority to establish and implement an investment procedure that was accountable, ethical and transparent.

Once a week, I request a reconciled bank report of the county’s general fund from the controller’s office. After reviewing the financial activity and necessary cash forecasting, the controller/deputy controller and I determine the money available for investment.

I then contact our financial institution to obtain the interest rate for the day and present a proposal of investment to the county commissioners for approval. I believe the procedure is a solid one, where it personifies checks and balances along with communication and cooperation with my fellow responsible departments at the Lawrence County Government Center.

Our investments made to date in 2008 are $7.25 million, compared to 2007 investments of $6.25 million.

Our county has seen a surplus of $1 million in investments in eight months.

Tax collections to date for 2008 are $15,031,660.60, compared to 2007 tax collections of $14,649,055.55.

I campaigned arguing the county treasurer must be a trustworthy steward for taxpayers. I believe I have been consistent in fulfilling all I professed to accomplish regarding restoring trust, honesty, accountability, professionalism and ethics back to the county treasurer’s office and managing the office as the business that it is.

We pride ourselves on superior customer service and initiating new projects, while bringing the office into the 21st century.

Richard L. Rapone

treasurer

Lawrence County