City under-budgeted debt payments by $1M+ in 2019
The city of Columbus paid more than $1 million in excess of what was initially budgeted for general obligation bond debt in 2019, according to the city’s audit report for that year.
2019 audit reveals unbalanced accounts, untracked assets
The audit of Columbus’ finances for Fiscal Year 2019 showed issues with the city budget that went beyond the misdeeds of the former chief financial officer charged with embezzlement, certified public accountant Wanda Holley told the city council at its Tuesday meeting.
City proposes tax hike to cover increased debt service
During its first Fiscal Year 2020 budget hearing, the city of Columbus expects to finish the year with a surplus of nearly $900,000, but it will require an ad valorem tax hike to get there.