Although the management audit of Killeen city finances ended at the beginning of September, the accounting firm that did the work requested nearly $18,000 more than originally agreed upon.
Houston-based public accounting firm McConnell & Jones publicly presented the conclusions of its management audit Tuesday, Sept. 5, 2017, and with it, a 173-page report detailing problems and recommendations within city finances.
Better pay for Killeen’s employees. That was the intent was behind salary hikes in fiscal years 2014 and 2015, based on a consultant’s study that showed public safety employees, such as police and firefighters, were paid below market, and that 70 percent of overall city employees weren’t ade…
Four companies secure the majority of city/owner development agreements, and the city has never reviewed developers’ books for construction estimates, despite having the authority to do so. Two of Killeen’s agreements with developers were paid from the city’s operations fund.
Just because the management audit of Killeen city finances is over doesn’t mean everyone packs up and goes home — accountability is next and ongoing.
Nearly a week removed from an audit presentation that revealed more than a decade’s worth of weakness in the city of Killeen’s financial management, City Manager Ron Olson intends to use the results to chart a financially sound path for his administration.
Some of the most significant findings from the city of Killeen’s management audit report presented at a City Council workshop Tuesday were in the city’s capital outlay policies, which the report found were in significant disarray.
Killeen had a whopping $252.9 million in debt by Sept. 30, 2016, with more than a fourth — 26 cents — of every property tax dollar, going to pay debt service in that fiscal year.