State Auditor Gary Jones released the Statutory Reports for the Carter Cotton and Jefferson County Treasurer Offices Wednesday.
The required spot check of cash balances resulted in no findings for Carter and Cotton County Treasurers.
The report for Jefferson County included a finding for the lack of segregating duties. Multiple employees operate from the same cash drawer which can potentially result in unrecorded transactions, misstated financial reports, clerical errors that are not detected in a timely manner, or misappropriation of funds. Despite limited personnel, the State Auditor¹s Office recommends separating duties so that no single individual is responsible for receiving, receipting, depositing, and reconciling financial transactions.