At at meeting of Louisiana’s Fiscal Review Committee this afternoon in Baton Rouge, Town of Jonesboro’s Fiscal Administrator Bill Ryder testified that some $300 thousand that was recorded as savings in the town’s general fund could not be accounted for.
Additionally, Ryder said that the town’s water meter fund was short by about $80 thousand and the town was still in arrears to the state’s workers comp fund by some $90 thousand.
Ryder said that he had not received cooperation from the town’s controversial mayor Leslie Thompson ever since he was appointed to the job last August.
For his part, Thompson said he had been cooperative, and that the just-hired town clerk would help the town’s situation. He also said he did not know about the savings issue brought up by Ryder.
Ryder said that in his opinion, the town’s financial records could not be audited for the fiscal year ended 6/30/12. The town has not had an audit for the past four years.
Also discussed was the issue of water meters and billing. Ryder said that over a hundred dwellings were not being billed for water consumption, and that several hundred other meters were not properly functioning.
It is unclear if the savings in the general fund that can’t be found consists of several certificates of deposit that were listed as utilities depreciation, or some other monies.
No CD’s have been cashed since a $76 thousand general fund CD was okay’d at a 12/29/11 meeting of the town’s board of aldermen.
See here a list of the town’s CD’s as of 12/1/11.
We will post a link to the video of today’s meeting when it’s made available.