By Kevin Hogencamp
The annual report of the City of Albany’s finances by an independent auditor revealed a significant material weakness – a major infraction — and other internal control snafus labeled by the auditor as “serious deficiencies.”
Although the city acknowledged accounting firm Mauldin and Jenkins’ findings in writing in its annual comprehensive financial report, Finance Director Kris Newton said Tuesday she didn’t realize the independent analysis was so severe until a reporter brought it to her attention.
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