Auditors: Despite accounting violations, city economically healthy
Friday, Jan. 10, 1997 | 11:59 a.m.
A report for the 1995-96 fiscal year prepared by Kafoury, Armstrong & Co. found several violations of both accounting procedures and state law.
While statutes require all individual funds to stay within their budgets, the audit determined that general government expenses finished $63,312 over; public safety was $272,939 over; the medical clinic fund was $201,370 over, and the sewer fund was $6,149 over.
In addition the auditors had a number of recommendations to improve the city's accounting system, the Elko Daily Free Press reported.
- Debt and lease payments were made from incorrect payment schedules because updated payment schedules weren't forwarded to the accounting department.
- Two signed, blank checks were found.
- Credit card charges were not properly documented, reviewed and approved.
- And, actual purchase costs and lease payment costs differed from the accepted bids, which could be a violation of competitive bidding statutes.
Otherwise, the numbers added up to a prosperous year for the city.
Sales tax receipts were up from $926,800 to $1.098 million; income from gaming licenses rose from $326,798 to $360,443, and room taxes increased from $932,987 to $982,881.
Property taxes brought in $279,584, a decrease from $283,044 the prior fiscal year, while the city took in $171,824 in fines and fees, a 9.5 percent increase over $156,800 the previous year.
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