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Post by Logan on May 8, 2017 1:15:15 GMT -6
Some Killeen city officials improperly used public money, created a side account for money transfers and made a raft of questionable decisions. And those are only the early findings of the audit investigating Killeen’s financial practices over recent years. Houston-based public accounting firm McConnell & Jones presented its findings to the City Council on Tuesday. Here are the initial findings: — Bond funds were used for unauthorized purposes, such as operating expenses, including salaries; — Consistent analysis and planning for capital projects was not performed; — Enterprise (moneymaking) funds were transferred to another fund to buy vehicles not used for the benefit of the respective enterprise fund; — Former finance staff created an escrow account and used it to transfer funds and record liabilities; — Pay raises were inconsistently applied, with some employees receiving both cost-of-living allowance raises and performance raises while some received one. Read more: kdhnews.com/news/local/audit-some-killeen-officials-misused-public-money/article_1c5f820e-2fae-11e7-b4e6-b7610911e657.html
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