Century To Hold Special Meeting On Audit Action Plan

June 24, 2018

The Century Town Council will hold a special meeting at 4:00 Monday afternoon to discuss a “corrective action plan” detailing how the town can corrective negative audit findings.

The town’s most recent audit, covering the fiscal year ending in September 2016, found deteriorating financial conditions that could result in a future “financial emergency”, $3.83 million in transferred special revenue funds that must be repaid, $1.4 million in expenditures in violation of state statutes, over $5,000 in a bank account that did not appear on the books and other deficiencies.

For more details on the proposed plan, as discussed in a workshop meeting last week, click here.

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Written by William Reynolds · Filed Under News