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Audit: Canton finances sound but FEMA reimbursements and storm costs remain a concern
Town of Canton Board of Aldermen/women · December 12, 2024
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Summary
An independent audit found the Town of Canton’s finances in good order but flagged pending FEMA reimbursements tied to disaster response and noted upcoming expenses from a mill closure and Tropical Storm Fred; the auditor also reported the town has received $600,000 in donations.
An independent audit presented Dec. 12 found the Town of Canton’s financial reports to be in good order and in compliance with federal requirements, but the auditor warned of outstanding FEMA reimbursement issues and looming storm-related costs.
Auditor Shelia Gahagan told the board she…
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