Thursday’s meeting
Commissioner Jay Trost called for a forensic audit of Curry County’s treasury department and its accounting practices on Thursday, saying that an investigation of past practices revealed it may have short- changed the area’s special districts.
Trost told his colleague Brad Alcorn that he, Finance Director Keina Wolf and the current county treasurer, Nick Vicino, had conducted a reconciliation of the county treasury for two fiscal years leading into the 2023-24 budget season.
That reconciliation revealed that the county had been holding on to tax revenue that belonged to other special districts and had erroneously recorded the transfer of those dollars when they were never actually transferred, Trost said. When the error was discovered, the dollars were no longer available to be transferred, he said.
The reconciliation also uncovered several other errors, Trost said, including bank fees and $66,000 in deposits that hadn’t been recorded and $3.7 million that had been transferred into other accounts “other than those recorded in the fiscal system.”
“We had overdraft charges to the county bank account that had rolled over for 11 months,” Trost said Thursday. “We had $601,180.32 in deposits that weren’t recorded in the fiscal system for up to three months — we were obviously behind in our reconciliation by two years. And we had over $32 million in bank adjustments during that time period.”
Continue reading Curry County Commissioner Calls For Forensic Audit Of Treasury After Past Accounting Errors Were Revealed
