Bonding company repays county for missing arena funds

by Associated Press

Published: April 3,2013

Tags: arena, board of supervisors, bond, bonding, county government, entertainment, funding, funds, repayment, sports, supervisor

CORINTH — Alcorn County supervisors have accepted $34,678 from the bonding company for former Crossroads Arena manager Reggie Churchwell to replace missing funds found by state auditors.

The Daily Corinthian reports the money will be paid by Travelers Casualty and Surety Company. The board of supervisors signed off on the amount Monday.

In October of 2011, the state auditor’s office issued a written formal demand for funds that was allegedly missing from the facility, which is owned by the county and the city of Corinth.

Churchwell has denied any wrongdoing. He says the arena used an outdated accounting system and did not monitor the handling of money by two other arena employees who were not bonded.

Churchwell spent five years as arena manager. He was fired in August of 2009.

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