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Kankakee City budget committee: December finances stable; auditors, new accounting hires to speed audit
Summary
Comptroller Rogers told the budget committee December financial statements show no major irregularities, noted timing impacts from property-tax receipts and three January pay periods, and said the city has filed audit extensions while adding two accounting hires to help complete the audit.
Comptroller Rogers told the Kankakee City budget committee that December financial statements show no major red flags and that revenue and expenditures are broadly in line with expectations. "There's really nothing out of whack," Rogers said, adding the city is sitting at about 75% of expected revenues for the budget year and that having received property-tax receipts pushes that percentage higher.
Rogers warned the committee that January will include…
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