Aug. 28, 2013 —
The audit report also noted issues with the county’s handling of Community Development Block Grant (CDBG) funds.
Based on cash management requirements, the county must spend grant funds within five days of receiving them.
A draw-down of $300,000 was received on Oct.13, 2011, but the funds were not paid out until Jan. 18, 2012, and Feb. 16, 2012.
“Without improving cash management controls, the county could jeopardize future federal funding,” Edelen said in the report.
“We had not received this invoice in a timely manner,” said Wallace in response to the auditor's comments.
The report also noted that the county did not provide an accurate financial report to the State Local Finance Officer, did not perform an annual inventory, did not report encumbrances on its financial statements and paid eight invoices without the approval of the Fiscal Court.
The state auditor annually reviews the financial statements of the Fiscal Court, the county clerk and the sheriff.
Joe Lewis can be reached at email@example.com or by telephone at 286-4201.