Audit reveals financial problems in Box Elder - KSFY News - Sioux Falls, SD News, Weather, Sports

Audit reveals financial problems in Box Elder

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BOX ELDER, S.D. (AP) - An independent audit has turned up numerous financial problems in the southwestern South Dakota city of Box Elder.

The audit concluded the city is operating at a general fund deficit of up to half a million dollars, has poor bookkeeping, improperly intermingles city funds and doesn't have staff trained to handle a budget.

It also says Box Elder is violating state law by not filing a required annual financial review with the state.

Mayor Bill Griffiths says a lack of sales tax revenue is a problem, and he wants to lure more businesses to Box Elder.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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