Bonding company repays county for missing arena funds
Published: April 3,2013
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 He says the arena used an outdated accounting system and did not monitor the handling of money by two other arena employees who were not bonded.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.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- White House hotel making comeback in Biloxi
- McCarthy hired as CFO of Mississippi Development Authority
- State GOP chairman calls on McDaniel to hurry with challenge
- Fair cabins becoming more valuable, sources say
- MARTIN WILLOUGHBY — Tyler Raborn finds success and fulfillment with Raborn Media
- Guns OK inside Mississippi polling places, attorney general says
- Three indicted, alleged to have embezzled from agency
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Supreme Court deals blow to McDaniel's election challenge
- Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau