Wednesday, May 20, 2009
BOARDMAN — The state auditor’s office found two accounting issues in its regular audit covering 2005 and 2006, but neither involves a finding for recovery against the township.
The audit released this week pointed out what auditors called a “significant deficiency” in a way funds were transferred.
Larry Moliterno, trustees chairman, who wasn’t in office at the time, called it a technical error.
“As I understand it, this was the Issue 2 project, the retention pond on Indianola and Southern,” he said. “It was a reimbursement program and we had to pay up front. The money was done through a transfer instead of an advance.”
In 2005, the township transferred $231,012 from the East/West Parkside and Indianola/Southern Boulevard funds to the general fund, the audit says.
Read more in Thursday’s Vindicator and Vindy.com