Are all Land Banks Component Units of County Government?
This past year we were included in the County's audit as a component unit for the first time. I am curious if all Land Banks are considered to be component units?
If it is not automatically applied, then is there an understanding of what qualifies land banks as component units? Does having three of our five board members being elected county officials (2 commissioners, 1 treasurer) factor into this? Is is strictly affected by source and amount of revenue?
Any insight into this would be greatly appreciated.