audit

School Bond Audit
10:22 am
Tue November 12, 2013

Audit Claims Mo. K-12 Schools Could Save Money By Changing Bond Bidding Process

(via Flickr/frankjuarez)

A state audit released Tuesday finds that local governments and school districts in Missouri have cost themselves $43 million by not allowing competition for underwriting public bonds.

State Auditor Tom Schweich (R) cites the practice of negotiated bond sales, in which an underwriter is hired in advance and sometimes acts as a financial advisor to the local government that issues the bond.

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Mo. Technology Corporation
5:28 pm
Thu July 25, 2013

Audit Of Mo. Technology Corporation Cites Lack Of Documentation For Admin. Costs

The Truman Building in Jefferson City, which houses the MTC and the Mo. Dept. of Economic Development.
Marshall Griffin/St. Louis Public Radio

A state-run nonprofit corporation needs to improve its transparency, according to an audit released Thursday.

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Missouri Public Defenders
2:34 pm
Wed October 10, 2012

State Audit Released On Mo. Public Defenders

An audit of the Missouri Public Defender system recommends they better track the time they spend on cases and use different standards to decide proper caseloads.
(via Flickr/steakpinball)

The Missouri state auditor released a report Wednesday on the state’s Public Defender system.

Among the findings: public defenders need to better track the hours they spend on each case and update the standards they use to determine what’s the appropriate caseload.

Auditor Tom Schweich says Public Defenders have relied on national standards that are out-of-date.

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St. Louis County
10:06 pm
Tue October 2, 2012

Audit Recommends Changes To St. Louis County Accounting Methods

borman818 Flickr

St. Louis County has new accountants auditing its financial records and they want changes to how officials track extra cash left in bank accounts at the end of the fiscal year.

The county’s Chief Operating Officer Garry Earls says in the past they would consider the leftover money as revenue, but the audit recommends it now be accounted for as an asset.

“There’s a reason accountants have the reputation that they do,” Earls says.  “This is a perfectionism of the system, and I’d tell you outright that it is an asset of the county so we might as well count it as an asset.”

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Developing: Audit / Jay Nixon
4:42 pm
Wed September 5, 2012

Missouri state auditor accuses Gov. Nixon of hiding expenses

Missouri state Auditor Tom Schweich.
(Marshall Griffin/St. Louis Public Radio)

Updated 4:37 p.m. with additional reporting.

Missouri State Auditor Tom Schweich released an audit of Governor Jay Nixon on Wednesday accusing Nixon of overspending his appropriation by $1.7 million and thumbing his nose at the budget appropriation process.

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Parks audit
11:46 am
Mon March 26, 2012

Agency overseeing Missouri's state parks gets low marks

Trout fishermen in Bennett Springs State Park. An report from state auditor Tom Schweich has given the division that oversees Mo. state parks low marks.
(via Flickr/rjones0856)

State Auditor Tom Schweich has given the agency that oversees Missouri's state parks low marks for its documentation and oversight procedures.

The Division of State Parks, within the Department of Natural Resources, oversees the state's 85 parks and historical sites. The sites bring in about $9 million annually, with about $1.7 million coming from 16 companies that provide food, lodging and other concessions at some of the parks. The division also administers the state parks sales tax, which totals about $38 million a year.

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Tax rate audit
10:41 am
Fri December 23, 2011

Audit finds rates in six St. Louis-area taxing districts are too high

(via Flickr/kenteegardin)

A statewide review of tax rates issued today by Missouri auditor Tom Schweich finds that residents in six St. Louis-area districts are paying too much in property taxes.

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Pine Lawn follow-up
12:00 pm
Thu October 27, 2011

Follow-up finds progress in Pine Lawn

Mo. State Auditor Tom Schweich.
(Marshall Griffin/St. Louis Public Radio)

A follow-up report from state auditor Tom Schweich finds that the small North County municipality of Pine Lawn is making progress in solving ongoing management issues.

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Mo. State Auditor
7:14 pm
Tue October 18, 2011

Mo. Auditor Schweich wants legislation assuring his access to bank records

Mo. Auditor Tom Schweich (R) addresses reporters in his State Capitol office regarding proposed legislation that would give his office complete access to bank exam records.
(Marshall Griffin/St. Louis Public Radio)

Missouri Auditor Tom Schweich (R) will push for legislation next year he says will enable his office to oversee the state’s Division of Finance without interference from state agencies or private entities.

The proposed bill is, in part, the result of an ongoing legal battle with the Missouri Banker’s Association.  Schweich says the MBA is seeking to block his office from examining how the Finance Division examined the records of a number of failed banks in Missouri.

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Peter Kinder
2:19 pm
Thu April 28, 2011

Mo. auditor's office to review Kinder's travel

Missouri Lt. Gov. Peter Kinder, pictured here in 2010.
(St. Louis Public Radio)

The Missouri State Auditor's office is reviewing a reimbursement payment Lieutenant Governor Peter Kinder made earlier this week.

Kinder wrote a personal check for $52,320 - up from the $35,050 he initially said he would reimburse the state.

Kinder has said all of the travel and associated costs were for legitimate state business.

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