City closes in on 2 years of unfinished audits

Local News

Discussion

January 31, 2009

By GINA KINSLOW The Glasgow Daily Times Sat Jan 31, 2009, 03:29 PM CST

HORSE CAVE — The city of Horse Cave could face criminal penalties regarding its 2006-07 and 2007-08 financial audits.

The Horse Cave City Council has not received the city’s 2006-07 financial audit from the certified public accounting firm who conducted it, nor is the audit on the city council’s Feb. 9 meeting agenda for review and approval.

Councilman David Lindsey said he has not heard anything regarding either audit “other than what was said at the last council meeting when the mayor said he would like to get it behind him after he already said he would sign it, but at that time he had not.”

Lindsey said the matter “is bad for the city of Horse Cave and the citizens.

“It’s going to bring on problems. It’s going to be a problem to get someone to even do the next one.”

According to state law, the 2006-07 audit was to be presented to the council by Feb. 1, 2008.

That didn’t happen because Mayor Odell Martin refused to sign the audit’s management representation letter, even though the auditor told the council work on the audit was complete by January.

Martin told the council at its Jan. 12 meeting that he has spoken with David Gilbert with the certified public accounting firm of Gilbert and Gilbert of Glasgow about the audit, and that he is waiting for Gilbert to get the management representation letter finished so he could sign it.

In the meantime another year passed and the city council has yet to be presented an audit of the city’s financial records for the 2007-08 fiscal year in addition to the 2006-07 fiscal year audit. The 2007-08 audit, according to state law, is to be presented to the council by Feb. 1, 2009.

“Cities do have to present their audits for the previous fiscal year by Feb. 1,” said Laura Ross, legal services counsel with the Kentucky League of Cities. “It has to be presented to the legislative body.”

A phone call to Martin to inquire about the 2007-08 audit left several questions unanswered.

“I don’t have any comments on anything,” he said.

Martin told council members at the Jan. 12 meeting that Gilbert has told the city clerk he is not interested in conducting an audit of the city’s 2007-08 financial records. Phone calls to Gilbert were not immediately returned at press time.

Other accounting firms have been invited to conduct an audit of the city’s 2007-08 financial records, but no proposals have been received.

The repercussions the city may face could come in the form of monetary criminal fines.

“Basically, there could be a $50 to $500 criminal fine,” Ross said.

If a city resident decides to bring civil action against the city regarding the matter, she said, then there also could be a civil forfeiture fine.

Text Only

Local News

NIGHT UPDATE: Glasgow girl killed in crash
A 12-year-old Glasgow girl was killed in a crash in Russell County that involved three cars and eleven people.

May 28, 2012
UPDATE 3:05 p.m.: Fatal wreck on Burkesville Road
A Summer Shade man was identified as the driver in a fatal crash on Burkesville Road early Saturday morning.

May 26, 2012
Jail staff challenges Ober’s report
A long list of allegations made by a private investigator against the Barren County Detention Center is being challenged by a majority of the jail employees, who say they have not witnessed anything illicit.

May 25, 2012
BBBS honors volunteers Bell, Click
There’s no doubt about it. Tamara Click and Price Bell love spending time with their “little sister and little brother.”

May 25, 2012
Magistrates defend decision
Almost a month after a private investigator presented his summary report about the Barren County Detention Center and nearly five months since the initial vote for an investigation, the members of the Barren County Fiscal Court are standing by their decisions.

May 25, 2012
Park, students form partnership
Barren County Middle School and officials from Mammoth Cave National Park (MCNP) began a partnership in 2009 through a 21st Century Community Learning Center grant, according to a district news release.

May 25, 2012
Cemetery dedication planned Sunday
On Sunday, a dedication ceremony culminating efforts of several concerned citizens who restored the cemetery will take place at 2 p.m. at the D.F. West Cemetery on Ky. 70 near Hiseville.

May 25, 2012
No swimming allowed at lake for Memorial Day
Don’t visit Barren River Lake this Memorial Day weekend and expect to go swimming.

May 25, 2012
2:10 AFTERNOON UPDATE: Hart Co. man arrested for trafficking
May 25, 2012
9:03 a.m. Morning Update: Glasgow firefighters and Barren-Metcalfe EMS respond to wreck with injuries
May 25, 2012
More Local News Headlines

Local News

Search Results

Discussion

City closes in on 2 years of unfinished audits

Site Map