Internal Auditor http://wfpl.org en Audit Finds Poor Documentation of Council Discretionary Funds http://wfpl.org/post/audit-finds-poor-documentation-council-discretionary-funds <p>An internal audit has found half of the grant from the Louisville Metro Council lacked sufficient documentation to determine if the discretionary funds were spent as intended.</p><p>Last year, Council President Jim King, D-10, ordered the review in the wake of the ethics controversy involving former Councilwoman Judy Green, who was booted from office over misuse of Neighborhood Development Funds.</p><p>The audit looked at 117 grants over the past two fiscal years totaling more $1.9 million in taxpayer dollars and found no wrongdoing. However, it showed the majority of the council&rsquo;s Neighborhood Development Funds had missing proof of payment, unallowable expenditures or poor documentation to account for the grants.</p><p>&quot;The audit was difficult to conduct in that there was a lack of monitoring in place prior to the new administration being there,&quot; says Internal Auditor Ingram Quick, adding the lack of documentation of the grants is troubling.</p><p>Among the findings are approximately $238,000 of expenditures in which proof of payment was not provided to the city. It also found inconsistencies and a vague criteria for non-profit groups receiving city funds, including over $6,500 in funds that were spent out of compliance with Metro Government rules.</p><div><p> Wed, 27 Jun 2012 21:12:46 +0000 Phillip M. Bailey 822 at http://wfpl.org