Auditors: There was no $8 million budget shortfall for city of K - KXXV Central Texas News Now

Auditors: There was no $8 million budget shortfall for city of Killeen

(Source: City of Killeen Facebook) (Source: City of Killeen Facebook)
KILLEEN, TX (KXXV) -

City of Killeen officials said auditors found that there was no actual $8 million shortfall in the fiscal year 2016 budget.

Auditors also did not find any instances of fraud or abuse in their examination of seven focus areas of city finances spanning up to 15 years.

“The council and the public should be relieved by the outcome of this audit, particularly the finding of no malfeasance,” City Manager Ron Olson said.

In March, the services of McConnell & Jones, LLP were brought in to examine Killeen’s past financial administration and internal controls with seven focus areas. The auditors also provided financial condition analysis for the fiscal year 2007 to 2016.

The focus areas include:

  • The fiscal year 2006 to 2016
  • Use of bond money from the fiscal year 2002 to 2017
  • Inter-fund transfers from the fiscal year 2010 to 2016
  • Pay increases from the fiscal year 2014 to 2017
  • City/owner agreements from the fiscal year 2002 to 2016
  • Private roadway ownership from the fiscal year 2002 to 2016
  • Spending during the post-recall period Nov. 2011 to May 2012

Auditors conducted interviews, observed processes, obtained data and analyzed and test transactions. The auditors found no wrongdoing but did note an overall need for more thorough long-term planning in financial decision-making.

The entire management audit report, presentation and meeting video are available online at killentexas.org/auditor.

Copyright 2017 KXXV. All rights reserved.

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