Tag: AUDIT FINDINGS

'Just be patient until the final results come out': Wedowee mayor addresses utilities audit, vendor payments and building purchase

Wedowee Mayor Tim Coe responded to concerns with the Wedowee Utilities Board after a preliminary audit revealed several issues with bookkeeping and the handling of funds. The audit flagged possible “serious internal control weaknesses, financial mismanagement, compliance violations and governance issues.”

‘Months away from bankruptcy’: Wedowee Utilities Board reviews audit findings, makes policy changes

Newly appointed Wedowee Utilities Board Chairman Barry Waldrep reviewed information from an audit of the utility following concerns of mismanagement and an investigation by the Alabama Attorney General’s Office.