MO auditor: Pemiscot Co. government rated 'poor' - KAIT Jonesboro, AR - Region 8 News, weather, sports

MO auditor: Pemiscot Co. government rated 'poor'

Money (Source: AP Graphics Bank) Money (Source: AP Graphics Bank)
PEMISCOT COUNTY, MO (KAIT) -

An audit report focused on Pemiscot County shows the county to be in a weak financial condition.

Missouri Auditor Nicole Galloway released the findings on Wednesday, stating the county government received a "poor" rating.

Galloway states in a news release the audit found several county funds are in "poor financial condition." That includes the county's General Revenue Funds which, according to Galloway, had a negative balance of more than $1 million.

The audit found some financial activities concerning. Those include "lack of supervision over money handled by the offices of the county assessor and the county collector."

Galloway noted that auditors found the public administrator does not file annual settlements within a timeframe required by Missouri law. Also, the county commission did not show if a public hearing was held on the county's tax rate for 2014 or if the rate was approved.

The state auditor indicates similar deficiencies were found in previous audits from 2011 to 2013.

She concludes that county officials "have not taken steps to address poor budgeting practices or implement basic financial controls such as bank reconciliations or issuing receipts."

To read the full audit, click here.

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