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Oakland officials say $91,000 figure reflects unreconciled accounts, not proven missing funds
Summary
Financial staff and auditors told the board the previously cited $91,000 figure referred to unreconciled cash and posting issues, not confirmed missing money; staff said reconciliation processes have been strengthened and the comptroller found no evidence of missing funds.
At the meeting the town’s financial advisor, Ms. Lowry, and other staff addressed circulating allegations that $91,000 had been stolen or was missing from town accounts. The advisor said current auditors are reviewing prior findings and have not reported any missing funds; instead the audit findings cited unreconciled items tied to bank reconciliations and posting errors.
Ms. Lowry told the…
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