Fayette County audit includes multiple uncorrected problems

An audit released today by the Tennessee Comptroller’s Office identifies 14 areas of concern with the way Fayette County is being run.

The findings in the fiscal year 2015 report are spread across several county offices. Six of the findings were also noted in last year’s report, but had not been sufficiently addressed by local officials.

For the third year in a row, at least two funds required material audit adjustments in order to correct year-end financial statements. Account balances in the General and General Debt Service funds required adjustments totaling $525,505 and $175,749, respectively. These adjustments are a strong indicator of a county’s failure to maintain its accounting records.

Auditors also found multiple other problems that included county purchasing procedures, expenditures exceeding appropriations, cash overdrafts, and unreconciled accounts.

Comptroller auditors have included recommendations to correct all 14 of the findings noted in the audit report.

“Fayette County leaders should work closely with its Audit Committee to address these ongoing issues,” Comptroller Justin P. Wilson said. “It concerns me when I see the number of audit findings growing from one year to the next. It’s also troublesome when issues have gone uncorrected over several years.”

To view the audit online, go to: http://www.comptroller.tn.gov/la/

If you suspect fraud, waste or abuse of public money in Tennessee, call the Comptroller’s toll-free hotline at (800) 232-5454, or file a report online at: www.comptroller.tn.gov/hotline. Follow us on twitter: @TNCOT