Thursday, December 30, 2010

Annual Financial Report Not Ready For Review

At a "special" meeting of Finance and Government Wednesday at City Hall, the committee's meeting was foreshortened after Finance Director Carl Erlacher informed the group that a draft of the Annual Finance Report was not available as expected.

"The auditor have been having difficulty getting information about educational grants from the Board of Education," Erlacher said. "But they have everything now, and they should be able to deliver the annual report by the deadline on Monday."

Erlacher must file the report with the state next week.

The audit has been anxiously awaited because of accusations by some in the city about financial improprieties in the Board of Education's accounting.  The Board or Education has consistently denied any problems with accounting practices in the school district.

Erlacher explained, that while the audit will be available early next week, a report on any problems in the city side, or the Board of Education, will likely take longer to deliver.

In other business, the Board agreed to move appropriations for asbestos removal in the City Hall boiler, and to pay for sidewalk repair and relocation of computers at the Police station with LOCIP (Local Capital Improvement) grant dollars from the state.

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