Auditor finds no evidence of misappropriated funds

The regular meeting of the Board of Aldermen was held Tuesday, January 8, 2007 in the City Hall of Adrian, Missouri. Mr. John Daniel, CPA, with the firms of Daniel, Schell, Wolfe and Associates, P.C., certified public accountants, presented financial statements and reports to the Governing Body from the annual audit it conducted on behalf of the City for the period ending 6/30/06. Mr. Daniel began his presentation with a review of the separate financial statements for the Adrian Manor Health and Rehabilitatation Fund. They reviewed the statements and the separate Management Letter with the Governing Body. Max Gordon, City Attorney, asked Mr. Daniel whether the audit conducted by his firm disclosed any evidence of unaccounted or misappropriated funds. Mr. Daniel replied that the auditors were able to account for all funds generated from the operation of the Adrian Manor and that there was no evidence of misappropriated funds.