Case Study: McHenry County, IL simplifies debt schedules and financial statements with DebtBook

McHenry County, IL, Leverages ‘Hidden Gem’ DebtBook to Simplify Debt Schedules and Financial Statements

McHenry County, IL, faced a significant challenge in managing its decentralized debt and lease records, which were scattered across more than 40 departments. This disjointed system, involving both physical documents and spreadsheets, made preparing for audits and financial reports a time-consuming and error-prone process that took weeks. The county's finance team, led by CFO Kevin Bueso, sought a solution to centralize this information and partnered with DebtBook for its debt and lease management service.

By implementing DebtBook’s cloud-based platform, the county consolidated all its debt and lease information into a single, accessible system. This solution from DebtBook enabled the finance team to generate accurate debt schedules in just a few clicks, drastically reducing the preparation time from three-to-four weeks to almost transparency for stakeholders, and a streamlined collaboration process with outside auditors who were granted direct, read-only access to the system.

McHenry County, IL

Kevin Bueso

Chief Financial Officer