Audit Prompts Finger-Pointing State Identified Several Problem Areas in City Accounting Methods
Post-Dispatch, Sterling Levy, St Louis Post-Dispatch (MO)
A state audit critical of procedures used by Velda Village Hills officials over the past two years prompted an hour of finger-pointing last week among about 50 people crowded into the Village Hall.
The audit by state Auditor Margaret Kelly found that the village lacked:
A formal bid policy and had questionable and unsupported expenses.
Cash management controls, which led to a lack of information needed to properly manage income.
Budget documents that would lead to better management and would comply with state reporting laws.
Complete board meeting minutes and ordinance records.
Complete accounting for the use of motor …
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Publication information:
Article title: Audit Prompts Finger-Pointing State Identified Several Problem Areas in City Accounting Methods.
Contributors: Post-Dispatch, Sterling Levy - Author.
Newspaper title: St Louis Post-Dispatch (MO).
Publication date: May 5, 1994.
Page number: 2.
© 2008 St. Louis Post-Dispatch.
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This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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