Audit: Some Killeen officials misused public money
Some Killeen city officials improperly used public money, created a side account for money transfers and made a raft of questionable decisions.
And those are only the early findings of the audit investigating Killeen’s financial practices over recent years.
Houston-based public accounting firm McConnell & Jones presented its findings to the City Council on Tuesday.
Here are the initial findings:
— Bond funds were used for unauthorized purposes, such as operating expenses, including salaries;
— Consistent analysis and planning for capital projects was not performed;
— Enterprise (moneymaking) funds were transferred to another fund to buy vehicles not used for the benefit of the respective enterprise fund;
— Former finance staff created an escrow account and used it to transfer funds and record liabilities;
— Pay raises were inconsistently applied, with some employees receiving both cost-of-living allowance raises and performance raises while some received one.
Read more: http://kdhnews.com/news/local/audit-some-killeen-officials-misused-public-money/article_1c5f820e-2fae-11e7-b4e6-b7610911e657.html