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|City Finance Director Says Reporting Mistake Isn't a Catastrophe
|The City of Galesburg's Finance Director says the discovery that a state website has some incorrect numbers regarding the city's balances over several fiscal years really isn't the big deal that some may want it to be.
Gloria Osborn says it is true that the Illinois Comptroller's Website has shown mistakes in the city's financial figures -- partly, she says, because the wrong end to the city's fiscal year is listed for some years. The city's fiscal year used to end on March 31st, but was changed to end with the calendar year in 2003.
Osborn tells WGIL it is partially a clerical error when submitting the data to the state comptroller, but it's also not entirely the city's fault. "That date always defaults to our old fiscal year (when the data is being entered)," Osborn said. "So, when staff has to put (the data) in, they have to remember to change that date in all those funds. I would like to ask the Comptroller if, maybe in the future, they can just change our fiscal year end date to be December 31st on all those."
Osborn says, however, if you were to look at the front page of the report that's available, it clearly states the correct December 31st end date for the city's fiscal year. In other words, she says, there is nothing for any resident to be worried about, in that the city's revenues or expenditures are not effected.
The error was first brought to the city's attention by Third Ward Alderman Russell Fleming, and even though it's been corrected, it's been attempted to be used as a campaign tactic in the April mayoral election.
|02 09 09 by Newsroom
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