The town of Jonesboro and the Louisiana Attorney General’s Office await a decision from the 2nd Judicial District Court on whether a fiscal administrator will be appointed to take over the town’s finances.
The hearing in the state of Louisiana vs. the town of Jonesboro wrapped up last week, but the court withheld a decision pending the filing of briefs by both sides, which were due Friday, Laura Gerdes Colligan with the Attorney General’s Office said Monday.
Town attorney Carol Powell-Lexing said the independent fiscal administrator would be a full-time position and possibly could cost the town $100 an hour.
The Attorney General’s Office filed suit June 28 against the town of Jonesboro.
The Attorney General’s Office alleges there is a “state of fiscal emergency brought on by actions and inactions of the town.”
According to the suit, the town’s independent auditor noted the town did not maintain adequate records of disbursements, did not properly reconcile bank accounts or accounts receivable or payable and did enter all transactions into the town’s accounting records.
This resulted in the town’s auditors’ inability to express an opinion on the town’s financial statements over the course of the 2008, 2009 and 2010 fiscal years, according to the suit.
Powell-Lexing said the town has corrected the deficiencies found during the 2010 fiscal year.