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Broadwater County approves $128,806.61 write-off to clear accounting discrepancy and secure withheld state funds
Summary
Broadwater County commissioners voted at their May 13 meeting to write off a $128,806.61 cash-reconciliation discrepancy so Local Government Services will release withheld state revenues; officials said the gap stems from historical accounting errors and that new controls are in place.
At the May 13 Broadwater County commission meeting, commissioners approved a resolution to write off a $128,806.61 cash-reconciliation discrepancy from the county general fund, a step officials said is necessary to secure state funds that Local Government Services has been withholding.
Treasurer Melissa Franks said the discrepancy arose from historical accounting errors and conversion issues while the office learned the county's reconciliation software. "This did not really affect balancing part of things," Franks said, adding that correcting the reconciliations will return money to the general fund and that the office has instituted cross-training and software…
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