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Official: Sloppy books could cost...

Official: Sloppy books could cost Jackson millions

By: Magnolia Tribune - January 23, 2008

The Clarion-Ledger, 1/23/8

Jackson needs to improve accounting procedures and better monitor spending of federal grants or risk having millions of dollars in federal funds frozen, assistant chief administrative officer Valerie Nevels told City Council members Tuesday.

Nevels made a presentation Tuesday before the City Council Budget Committee of the most recent management letter and city audit done by Jackson CPA firms Smith Turner & Reeves and Bruno & Tervalon. The audit examined fiscal 2006, which was from Oct. 1 through Sept. 30, and was completed in August 2007.

The management letter and city audit cited inadequate oversight for spending of grants awarded the city.

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