Audit Finds $500,000 Missing From Winsted
WINSTED, Conn. (AP) _ An audit of Winsted’s 2011 finances shows more than $500,000 is missing from town accounts.
The Waterbury Republican American reports the audit was released Tuesday, about 17 months after it was due to the state Office and Policy and Management.
The review, done by West Hartford-based BlumShapiro, states there was a loss of assets totaling $484,079 from the town’s reserves, $26,746 from the water department and $26,246 from the sewer department, for a total of $537,071.
The report concludes the funds were misappropriated and that the the misappropriation of assets was not limited to that fiscal year.
State police have been investigating the town’s finances since January, the same month Town Manager Dale Martin fired former Finance Director Henry Centrella.
The town said it found Centrella had stored town funds in his desk, made unauthorized transfers, failed to notify Martin or selectmen of the transfers, failed to cooperate with the auditor to complete the 2011 audit and failed to account for missing funds.
Telephone calls to Centrella’s home seeking comment Wednesday went unanswered.
No arrests have been made.
Robin Manuele, Winsted’s current finance director, said the town has a current deficit of about $2.5 million, and is still conducting audits. The 2012 audit is currently five months overdue to the state.
Information from: Republican-American, http://www.rep-am.com
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