The growth of the city budget shot up from $69 Million in 1999, to $471 Million by 2007 – quite an increase. This caused increased reliance in the city’s finance department, and, accounting practices became less pressing needs.
After two major financial failings last year, however, the city went out and hired an accounting firm. It seems as though the finance office just couldn’t keep up, and, an audit was needed. Auditors arrived this past Monday to start looking at everything from city payments to surprise investment. City leaders, at this point, hope that the audit will identify flaws in the city’s financial state. Continue reading ‘Accounting Errors, Old Software, No Organization’ »