October 16th , 2013 10:00 am Leave a comment

Audit requested from Carter County Tomorrow

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Carter County Tomorrow has been asked to submit a more in-depth audit to the county and city after the issue was Photo by Brandon Hicksraised at its monthly meeting on Tuesday.

Carter County Mayor Leon Humphrey said that since it was incorporated in 2006, a complete audit of CCT finances has never been conducted.

“To date we’ve never seen a financial audit of Carter County Tomorrow,” Humphrey said. “The original bylaws did specify that the treasurer shall call to be performed an audit of the books of the corporation by an independent firm.”

Since he took over as CCT president, Tom Anderson said a complete audit has never been requested.

“We’ve obviously been submitting the 990 audit review to both the city and the county,” Anderson said after the meeting. “That’s always been accepted.”

Humphrey said he has received an IRS 990 annual return from the organization, but it only includes the $150,000 CCT is given by its partners.

“That’s not taking into account all the other revenues being handled,” Humphrey said. “At no point in time have we seen a true audit of Carter County Tomorrow and I think we need one.”

CCT Finance Director and Workforce Development Complex Director Kim Eggers said the organization previously looked into conducting a “full-blown” audit.

“It was going to cost the organization about $25,000,” she said.

City of Elizabethton Mayor Curt Alexander said the price may depend on how in-depth auditors are expected to look into CCT finances.

“Our city charter actually requires, before we give money to an outside agency such as United Way and Shepherd’s Inn, that you have to have an audit of some sort,” Alexander said. “$25,000, that’s about what we pay on the city side for an audit, but that’s covering a lot of funds and it’s really in-depth.”

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