Audit says misclassified funds, missed invoices added to Hernando’s utility fund deficit
The audit also said the city needs to upgrade its financial software, which dates back to 1988.
There are 5 article(s) tagged utility fund:
The audit also said the city needs to upgrade its financial software, which dates back to 1988.
A budgeting mistake has led to a multimillion-dollar shortfall in Hernando’s utility fund, and Mayor Chip Johnson is taking the blame.
Germantown’s resident-led commission recommended the suburb’s customers not get a water credit after a diesel spill forced residents to reduce the water usage for flushing toilets only.
Germantown residents are conserving water, but that comes with a cost to the suburb’s customers. The city’s aldermen will review increased rates Monday.
Germantown is beginning the annual review of its budget. Increases in the stormwater and utility rates are under review for a possible increase.
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