Audit finds problems with county’s accounting system
by Associated Press
Published: January 7,2014
FAYETTE — An audit of Jefferson County’s fiscal year 2012 showed the county had unpaid interfund loans and cash accounts of more than $70,000 that were not recorded in the county’s central accounting system.
In the audit, released yesterday, The Natchez Democrat reports auditors found the county had interfund loans that were outstanding after more than a year.
An interfund loan is the redirection of funds from one county account to another account.
Such transfers are routine in county and municipal government.
In the county’s response to the audit, County Administrator Lorrine Lias wrote that the current county government had inherited some of the current problems, and the board supervisors has solicited the services of a financial adviser to correct the issue.
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