An audit committee found several issues that could affect the 2014 financial audit for Independence Township, including an additional $300,000 in expenses to the Police Fund, and a possible violation of the Act 2 of 1968 Uniform Budgeting and Accounting Act.
Finance Director Wendy Thomas said an over payment of $244,597 was made to Oakland County for police service.
Other problems identified include negative cash in the Library Fund, over $140,000 in unreported deposits to the Sewer Fund and other accounting issues for a Trust and Agency Fund. The committee recommended a balance sheet clean-up and an evaluation of all special assessment district funds. The audit committee also addressed the 2015-2017 budget, and found the deficits of several funds could be higher than budgeted. The committee advised the budget entries should be revised before the budget is submitted in September.
Budget analyst Rick Yaeger said Thomas, the new finance director, has been busy cleaning up the balance sheet, which was in disarray. Yaeger addedThomas is busy correcting numerous errors left by the previous director.
? Andrea Beaudoin