More Than $500K in Stolen County Money Still Unrecovered

More Than $500K in Stolen County Money Still Unrecovered

According to the State Comptroller of Tennessee, more than $500,000 in funds stolen from county governments remains uncollected.
NASHVILLE, TN (localmemphis.com) - According to the State Comptroller of Tennessee, more than $500,000 in funds stolen from county governments remains uncollected.

The 2012 Report of Cash Shortages shows auditors found a balance of $563,372.50 in unrecovered stolen funds. That number is down from last year due to a decrease in 2011 stolen funds, plus the recovery of more than $279,000.

Information about cash shortages is collected from the annual financial reports and special reports for the state’s 89 counties audited by the Comptroller’s Division of Local Government Audit and the six counties audited by private accounting firms.

In addition to a county-by-county breakdown of cash shortages, the report also provides explanations of how the shortages were detected, how the money was stolen, corrective steps taken by counties and legal actions taken against those responsible for the thefts.

To view the full report online, go to: http://comptroller.tn.gov/repository/CA/2012/2012%20Cash%20Shortage%20Report.pdf


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