Salt Springs Township Heard Audit Presentation
The Salt Springs Township Board held a meeting for audit presentation on Thursday, November 17. Mike Peroo CPA, PA presented findings from the compliance audit completed for the 2022 fiscal year. Peroo shared that he had been asked to go through records and compliance and look at documentation. Peroo explained that he had taken every bank statement and transaction for 2022 and entered them into their system to collect data. The following statistics were shared for 2022: 257 disbursements and $89,000 in total payouts. 72 of the transactions amounted to $24,000 and were related to payroll and mileage. Peroo reported that there were things that could not be found in records/documentation. Of the $65,000 tested, no documentation could be found for 14%. Of the 41 main vendors that funds were spent on, 10 accounted for 83% of total dollars that went out.
11/21/2023 11:00 PM
