Finances remain a hot topic in Twin City
by Halei Lamb | October 12, 2017 11:31 am
by HALEI LAMB
One lone business item headlined the Twin City City Commission’s monthly workshop, held Tuesday, Sept. 5, inside City Hall. The topic? Findings from one of the city’s audits.
Since the emergence of new leadership in Mayor Eileen Dudley and Mayor Pro-Tem Matt Donaldson, the current governing body has nonstop worked to right the city’s finances. Part of that process includes submitting audits from years past to bring the city current, beginning with 2013.
At the latest meeting, Donaldson, who chairs the city’s finances, brought before the mayor and commission a report regarding the 2013 and 2014 audit progress. “The good news is the 2013 audit has been turned over to Stacey Avery. It is being cleaned up; it is in the hands of an auditor. The bad news is what the clean-up has found,” Donaldson said.
Those findings indicate that a number of former employees were borrowing money from the city. The grand total of those funds as of year-end was estimatedly $63,000. While the 2013 audit accounts for all dollars spent and received from January 1 to December 31, 2012, this total was inclusive of funds from previous years as well. Put simply, the $63,000 balance had been amassed over a number of years. The $63,000 finding just brought the balance current through December 31 of the pertinent year.
Donaldson inquired as to…
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