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State auditors begin probe of Ridgecrest finances
The Legislative Auditor's office launched an investigation into the Town of Ridgecrest's finances this week, according to newly-appointed Mayor Dwayne Sikes.
Sikes said two state auditors arrived at town hall Tuesday and returned this morning (Wednesday).
"I talked with them about an hour," Sikes said. "They're going to go through everything, I guess. This is something I've wanted for over a year."
At a special meeting of the Ridgecrest Town Council last month, Sikes revealed that 10 of the town's 12 certificates of deposit (CDs) amounting to $52,072.52 were closed out in 2010 without the knowledge or authorization of the town council.
A financial report from the town's CPA -- Silas Simmons of Natchez -- indicated that $25,399 of town money can not be accounted for. As a result of "insufficient documentation," the CPA firm said it could not express an opinion on the town's financial status.
In early November, then Mayor Kevin Graham resigned from office, while Town Clerk Dana DeLaughter has since been placed on administrative leave without pay. Sikes said Graham did not give a reason for his resignation.
Sikes was appointed by the Council as mayor after Graham stepped down.
Assistant Legislative Auditor Allen Brown said recently that he has seen the financial report filed by the CPA firm Silas Simmons.
"There are matters that cause us concern," he said.For the full story, subscribe to the The Concordia Sentinel's NEW E-Edition! |
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