Friday, July 30, 2021
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GRAND ISLAND, Neb. (KSNB) – Earlier this week the state auditor’s workplace introduced its findings within the investigation of the Nebraska State Honest’s funds. It unveiled potential misuse of funds and now the honest board is working to verify it by no means occurs once more.

With a brand new government director in place new insurance policies have already begun to guard the honest’s funds. The previous director has additionally voiced her frustrations along with her identify being added to the report.

The state audit outlined quite a few prices to bank cards and funds being given to an accused pretend firm. The previous Chief Monetary Officer Patrick Kopke declared the honest was going bankrupt which many on the board mentioned is unattainable. With the report of Kopke making private prices on the honest’s dime, division heads now should request to make purchases and clarify the aim beforehand.

“That is part of the review processes of all purchases,” Government Director Invoice Ogg mentioned. “Certainly the number of cards and the permissiveness of what the cards are used for have been detailed.”

Additionally talked about within the report was Former Government Director Lori Cox. She mentioned she has explanations for a lot of the purchases and mentioned they did profit the honest. Cox mentioned Kopke additionally had a duplicate of her card and probably misused it. She shared her frustrations with the auditors for not asking her for extra info.

“We talked a lot about the credit cards. We already made discovery after discovery of really suspect charges both to my credit card and to Patrick’s that were really bothering me and I wanted to get to the bottom of it,” Cox mentioned. “I said if you have any questions please call me and they never did.”

Cox mentioned she is disgusted the CFO probably took benefit of the honest. Now the board requires two signatures on checks bigger than $5,000 and sticking near the finances.

“Risk is part of the business but managing that risk and balancing the amount that you could lose versus the potential gain I think that’s where some experience will help us go forward,” Ogg mentioned.

With 2020 a lean income yr, Ogg hopes to implement extra monetary controls within the subsequent honest.

There have been no legal prices introduced for the findings within the audit. The case is now being dealt with by the Nebraska State Patrol, Corridor County Lawyer, and the state Lawyer Normal’s workplace.

Copyright 2020 KSNB. All rights reserved.

Yuuma Nakamura

Yuuma Nakamura

Yuuma Nakamura is a staff writer covering crypto, blockchain, finance and other technology for FintechZoom. Contact: [email protected]

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