BENJAMIN J. GOHS, NEWS EDITOR
The murky St. James Township sewer fund record-keeping mess became
clearer this week as investigation details were released to the public.
An independent audit of the Beaver Island municipality’s financial
records reveals numerous questionable accounting practices, a lack of
transaction records, over $130,000 in sewer fees not billed or
uncollected from users, moneys moved from fund to fund without board
approval, apparent confusion on assignment of duties, and using small
business bookkeeping software to operate a governmental entity … among
other issues.
“Clearly, the trend of the sewer fund is to continue borrowing from
other funds to pay for operations and to provide funds for bond and
interest payments,” wrote Stephen M. Peacock of the financial auditing
company Rehmann Group, which has an office in Traverse City. “This
practice is contrary to normal accounting practice and the legality of
such transfers, without board approval, may be problematic to the board
and the citizens of St. James Township.”
READ MORE:http://www.boynegazette.com/2015/beaver-island-rehmann-audit-results-of-st-james-sewer-fund/uncategorized/71980
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