Audits Feed

Elected government officials can learn from reported cases of fraud in local government. This link is to a story where a police chief and two others in the small town of Tryon, OK, population 500, embezzled over $80,000 over several years. The city's total annual budget was about $200,000. One lesson is that the elected officials apparently didn't exercise any type of oversight on the spending. "Oklahoma State Auditor and Inspector Cindy Byrd released her audit of the town of Tryon, between Stillwater and Chandler, on Thursday. She identified a total of $95,000 in misappropriated town funds via unauthorized and personal charges, according to a news release." Funds were withdrawn from city accounts via local casinos "In her audit, Byrd faulted not only the employees who benefited from the misappropriations but also the governing board for the town." "This "Town" Board was just asleep at the wheel." The Police Chief, Jered Pricket, is alleged to have made most of the personal transactions, including $3,700 in "questionable credit card expenditures," including deer hunting supplies. The "misappropriation" was 13% of Tryon's annual budget. “Donations made to the Tryon Police Department, totaling $3,960, were not deposited into the Town’s bank account,” Byrd wrote... Read more →

Vance Jochim [email protected] YouTube Channel "FiscalRangersFlorida"

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