Wednesday, December 18, 2013

County audit report to show problems

Knox County is expected to receive a clean bill of health from its auditor, but some departments will have problems that will need to be quickly fixed, officials said Tuesday.

If not, they could jeopardize the county's bond rating.

"There will be some findings," said Knox County Finance Director Chris Caldwell, who declined to elaborate. "A government our size will have some findings, but at least everything from 2012 has been cleared."

As it stands, the county's external auditor, Pugh & Company, should finish the Comprehensive Annual Financial Report, or CAFR, by the end of the week. Auditors will then issue local leaders a management letter that provides more insight into the report and list any deficiencies and weaknesses in the county's overall organization structure for fiscal year 2013, which ended June 30.

The rest of the story, right smack here.

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