An outside auditing firm has found deficiencies in the 2011 and 2012 Randolph County budgets. Casey-Beard-Boehmer PC conducted an audit released in September on behalf of the Missouri State Auditor’s Office.
Deputy State Auditor Harry Otto said he does not anticipate how the Missouri State Auditor’s Office will assess Randolph County until the full audit is completed despite the deficiencies found by the outside CPA firm.
“We go in there in there with our eyes open with a certain amount of professional skepticism, but we have to see what we find and then determine the grade accordingly,” Otto said.
Otto said the state auditor’s office goes back 90 to 120 days to perform a follow up report based on the shortcomings found by the outside firm.
Page 33 of the audit states, “the misclassifications on the budget documents the financial statements have not been adjusted, other than the railroad and utility taxes, to properly state receipts and disbursements and the cash balances for the various funds.”
The audit found the county’s documents misstated or did not include expenditures in various funds including:
- The county has not prepared budget documents for the Justice Center Bond Accounts Fund. The total sales tax collections for the Justice Center Bond Fund for 2012 and 2011 totaled $1,263,428 and $1,257,186, respectively. The bond principal and interest payments for 2012 and 2011 totaled $707,603 and $690,398, respectively.
- The County did not allocate any interest revenue to the General Revenue Fund in 2011 and $3,553 of interest collected on delinquent taxes. This revenue was included with interest revenue in the General Revenue Fund for 2012. It should have been classified with property tax revenue.
- The county did not prepare budget documents for the Community Development Block Grants received from the Department of Economic Development for 2012 and 2011. The payments totaled approximately $414,832. One grant was used for and by a local community college while a second one was used for a federal bridge program.
Members of the Randolph County Commission, as well as the Randolph County Clerk, declined to comment until the Missouri State Auditor’s Office completes its full audit.
To read through the financial audit conducted by Casey-Beard-Boehmer PC, visit http://www.auditor.mo.gov/Press/2013-097.pdf. The full audit of Randolph County is expected to be available to the public within the month.