SONNY ABBOTT
Sonny Abbott claims the County Treasurer “still chooses to not follow the Code” when it comes to providing Supervisors each month a complete list of all County funds.
Abbott — emphasizing that he was speaking Thursday night only as a citizen and “not in any other capacity” (he serves on the School Board) — questioned the whereabouts of a $3 million CD that was earning 4.25% interest and which matured in December. “What happened to that $3 million and the related interest?”
Abbott charged, “Not included in the data she submitted this month was the total of all funds, in all depositories, as outlined in the Code of Virginia.”
Abbott told Supervisors he realizes “some of you may find my questions troublesome…. Months ago, this Board asked if I had reached-out to the Treasurer. Yes, I have. Have any of YOU reached-out? I don’t think so since the Treasurer still chooses not to follow the Code.”
“Of greater concern,” said Abbott, are comments delivered last month to the County by its auditor. “He writes — and I quote: ‘There is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented or detected by the entity’s internal control over financial reporting.’ The auditor goes on to say — and I quote again: ‘The County should implement steps and controls to improve its financial reporting process.’”
Abbott said it’s his understanding that the County’s “finance person” has made “several adjustments from how she was originally trained. Does that eliminate the auditor’s concerns?…. In four short months, he will return to begin the next audit. Will he find that appropriate steps and controls have been implemented?”
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