Home » NEWS » Auditor discovers missing city funds

Auditor discovers missing city funds

ABERDEEN — An independent auditor says Aberdeen has misplaced $380,000 and missed out on nearly $1 million.

The Commercial Dispatch reports that Charles Buchanan began auditing the city’s electric, water and general city records in April.

Thus far, Buchanan has concluded $380,000 in utility payments which should have been paid into the Water & Light Department fund instead went to the city’s general fund. Also, he estimates the city’s unpaid municipal court fees at $950,000.

Mayor Jim Ballard says he’s not sure how Buchanan came to his conclusions.

Ballard says the city won’t make any decisions regarding the money erroneously paid into the general fund or record-keeping systems until Buchanan issues his final report.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*