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Finance director reports major staffing turnover, delayed audits and $9 million emergency-fund shortfall
Summary
The Fort Myers Beach finance director told the audit committee on Oct. 24 that the town experienced near-complete turnover in the finance department, delayed audit completion, and an emergency fund deficit of roughly $9 million related to multiple hurricanes; FEMA and other reimbursements are still pending.
Joe (finance director) reported to the Fort Myers Beach Audit Committee on Friday that the town’s finance department experienced substantial turnover between April and June, with the finance director, accounting manager, budget manager, accounts receivable specialist, utility billing specialist and accounts payable specialist leaving within a short period. The staffing losses delayed several financial processes and pushed the audit completion past the June 30 statutory deadline; the audit was completed Aug. 31.
To sustain operations, the town engaged consulting firm Goldman & Wolf to perform key finance functions temporarily, including controller/accounting manager and accounts-payable duties. Joe said several hires have since been made: Donna Estes was hired as accounts receivable specialist (and took on higher-level accounting tasks), Lisa Hollywood was hired as a part-time receptionist and…
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