[Archive Home][Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
"Thousands of Dollars Missing from Tennessee Airport Records"
- From: Stephen Irwin <Stephen.Irwin@xxxxxxxxxxx>
- Date: Sun, 16 Sep 2012 00:03:00 -0700
Sunday, September 16, 2012
Thousands of Dollars Missing from Airport Records
WTVF-TV Ch 5 (ABC) Nashville (TN)
WARREN COUNTY, Tenn. - An investigation reveals that thousands of dollars
are missing from the Warren County Memorial Airport's records.
A TBI audit shows that since 2007, nearly $20,000 has simply disappeared
from the records. They say in some cases, money from the sale of aircraft
fuel and hanger rentals were never deposited to the Trustee's Office. And
some invoices were deleted from the accounting system without proper
The investigation was conducted in coordination with the Tennessee Bureau of
Investigation and covered the time period from July 1, 2007 through
September 30, 2011.
Investigators found that at least 29 receipts issued during that time frame
were never deposited with the Warren County Trustee's Office. The receipts
were issued for the sale of aircraft fuel, hangar rentals and rental of
houses on airport-owned property.
Also, investigators discovered 40 invoices in the airport's accounting
software system had been voided without supporting documentation.
A former employee had not paid a portion of rent owed on a hangar he used or
reimbursed the airport for aircraft fuel and other personal expenses that
were charged to the airport.
In all, at least $20,791.68 was missing from the airport's records, the
Investigators noted that the airport commission lacked adequate safeguards
to monitor the operations of the airport.
"It is important for all local governments and government agencies,
including airport authorities, to maintain adequate oversight over public
funds," Comptroller Justin P. Wilson said. "It is important for those
agencies to develop good accounting and bookkeeping practices, which include
what auditors refer to as internal controls. Those controls were not
sufficient in this case. I commend our investigators and those from the
Tennessee Bureau of Investigation for bringing these issues to light."
On the web:
Post your opinion on this story in the CAA General Aviation Forum
Fair Use Notice
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of political, human rights, economic, democracy and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.html. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
If you have any queries regarding this issue, please Email us at email@example.com