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Officials probe Jay Twp. audit discrepancy

March 22, 2012

The Jay Township Municipal Building, site of the monthly meeting of the Board of Supervisors.

Discrepancies with a recent audit of Jay Township accounts was brought to the attention of officials at Thursday's meeting of the board of supervisors. Supervisor Murray K. Lilley claimed that the township's general fund balance as shown on the 2011 audit exceeds the actual total held by the township as of the end of the fiscal year by roughly $105,000.
"It starts out showing that we had cash investments of $251,492 as of Dec. 31 [2011] when we only had $146,000," Lilley said.
Supervisor Jeremy Rippey asked if certificates of deposit (CDs) already redeemed by the township were still being included in the general fund and possibly the cause of the discrepancy.

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