Puxico In Poor Financial Shape

1 decade 1 year 4 months ago Tuesday, June 12 2007 Jun 12, 2007 Tuesday, June 12, 2007 11:19:02 AM CDT June 12, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
PUXICO (AP) - The Missouri Auditor's office said the city of Puxico is in financial trouble. The office said the city has a deficit of $166,000. It said the city has been using restricted funds, such as the water and street funds, to cover general operations of the city. The audit report cited poor budgeting, receipt-keeping and a general lack of knowledge about certain policies and procedures to keep track of the city's money. State Auditor Susan Montee's office began the audit after receiving a citizens' petition.

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