Killeen residents are hoping to get answers to tough questions about the city’s money problems when the special audit results are revealed Aug. 29, more than a year after the City Council and public were blindsided by a towering shortfall in city finances.
Before residents see the investigative audit, city leaders will get a shot at it Wednesday and can challenge still-secret findings of the draft report by Houston-based public accounting firm McConnell & Jones. Financial decisions, policies and a search for fraud across seven areas are targeted.
Killeen residents last summer filled public hearings demanding answers after learning June 30, 2016, that the city was nearly $8 million short of a balanced budget and had been overspending for years.
Residents demanded a forensic audit, but the firm persuaded the council otherwise. The audit approved was a management audit. Go to http://bit.ly/2giFO9Y to read how it was done and what changed.
As the management audit ends, City Auditor Matthew Grady is planning internal audits, and already started piecing together his investigation of city credit card use.
Grady plans four…