After discovering $2.6M deficit, Hernando approves forensic audit
Mayor Chip Johnson presides over a March 3 Hernando Board of Aldermen meeting. (Patrick Lantrip/The Daily Memphian)
The Hernando Board of Aldermen voted unanimously Tuesday, March 24 to hire accounting firm BDO to conduct a forensic audit of the city’s utility fund, capping the initial phase of the investigation at $25,000.
The decision in a special-called meeting follows the recent revelation of a projected $2.6 million deficit in the fund for the current fiscal year.
Prior to the vote, Mayor Chip Johnson read a prepared statement to the board and the public explicitly detailing the accounting errors that led to the utility fund’s shortfall.
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Subscriber Only City of Hernando Forensic audit Chip Johnson Chad WickerThank you for reading The Daily Memphian. Your support is critical.
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Brandon LaGrone II
Brandon LaGrone Jr. is a Bluff City native who has earned an undergraduate degree in journalism from LSU’s Manship School. He’s written for publications including The (Baton Rouge) Advocate and The Atlanta Journal-Constitution.
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