{"id":518,"date":"2007-12-27T18:33:52","date_gmt":"2007-12-27T22:33:52","guid":{"rendered":"http:\/\/www.citizennetmom.com\/?p=518"},"modified":"2007-12-27T18:33:52","modified_gmt":"2007-12-27T22:33:52","slug":"the-audit","status":"publish","type":"post","link":"http:\/\/www.citizennetmom.com\/?p=518","title":{"rendered":"The Audit"},"content":{"rendered":"<p>This afternoon, the <a href=\"http:\/\/www.comptroller1.state.tn.us\/RA_CA\/\" target=\"_blank\">Tennessee Comptroller&#8217;s Office<\/a> posted the <a href=\"http:\/\/www.comptroller1.state.tn.us\/repository\/CA\/2007\/Anderson.pdf\" target=\"_blank\">FY07 Comprehensive Annual Financial Report <\/a>for Anderson County.&nbsp; While I haven&#8217;t thoroughly examined all 277 pages, I did skip to the &quot;findings&quot; beginning on p. 274.<\/p>\n<p>Expenditures exceeded Commission&#8217;s appropriations in six major categories, and the Trustee&#8217;s office invested $1,454,042 in a mutual fund, which is a no-no.&nbsp; Local governments (and school systems) are rather strictly limited in where they&#8217;re allowed to invest the public&#8217;s money, and while the mutual fund may have had a much sweeter rate of return, it&#8217;s also possible to lose money in a mutual fund (just like anything else in the stock market).<\/p>\n<p>I might be able to write this off as a rookie mistake for a new trustee, but I do have some questions.&nbsp; I&#8217;d like to know through whom the fund purchase was made, and whether the person who made the commission on this transactions (yes, securities dealers work on commission, and a $1.4 mil investment would undoubtedly trigger a good one) has any relationship to the Trustee or any other elected official in Anderson County.<\/p>\n<p>More as I find it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This afternoon, the Tennessee Comptroller&#8217;s Office posted the FY07 Comprehensive Annual Financial Report for Anderson County.&nbsp; While I haven&#8217;t thoroughly examined all 277 pages, I did skip to the &quot;findings&quot; beginning on p. 274. Expenditures exceeded Commission&#8217;s appropriations in six &hellip; <a href=\"http:\/\/www.citizennetmom.com\/?p=518\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8,13],"tags":[],"_links":{"self":[{"href":"http:\/\/www.citizennetmom.com\/index.php?rest_route=\/wp\/v2\/posts\/518"}],"collection":[{"href":"http:\/\/www.citizennetmom.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.citizennetmom.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.citizennetmom.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.citizennetmom.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=518"}],"version-history":[{"count":0,"href":"http:\/\/www.citizennetmom.com\/index.php?rest_route=\/wp\/v2\/posts\/518\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.citizennetmom.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.citizennetmom.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=518"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.citizennetmom.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}