Pender County officials said they had to use more than $130,000 of the county's money to complete the audit for Fiscal Year 2012 – Fiscal Year 2013. The audit was completed last month, 10 months late.
While the audit itself shows the county is in good financial shape the cost of laying it out was exponential.
According to Interim County Manager Bob Murphy, the county paid an original audit fee of $35,500. Then $61,350 in additional costs were tacked on.
The county also paid Nelson Price an additional $33,750 to reconcile books. The total amount spent on the audit was $130,600.
Murphy said he believes anything more than that original audit fee of $35,500 is atypical.
Former county manager Rick Benton was hired in July as a consultant to help facilitate the completion of the delayed FY12- FY13 audit.
County officials said he is being paid $175 dollars an hour. From July 10 until August 5 he worked almost 150 hours coming to total of $26,162.50.
Murphy said in the future he expects Benton will only be brought in for an hour here or there and will not be working full days.
The Finance Director, Butch Watson, who oversaw the FY12-FY13, resigned in July.
Murphy said he expects there will be additional costs as the FY13-FY14 audit is completed as well.
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