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Retired CPA warns Louisburg faces funding limits as council approves short‑term accounting help
Summary
A retired CPA told the council the town is on the state Local Government Commission watch list because of delinquent audits and a vacant CFO post; council approved hiring outside accounting help and directed steps to address audit backlogs and financial reporting.
A retired certified public accountant told the Louisburg Town Council that the town’s failure to complete two delinquent financial statements has placed Louisburg on the Local Government Commission’s watch list and reduces its ability to compete for grants.
"You don't have a financial officer that can keep up with the current financial matters," Felix Allen said in public comment, urging the council to hire an interim chief financial officer…
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