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Town of Chapin receives “A” grade on 2017 audit

Chapin, SC (Paul Kirby) – The Town of Chapin received a report on the town’s 2017 books from their new auditor at the July council meeting. According to Grant Davis, a member of the staff at the firm Mauldin & Jenkins, LLC, a new audit firm used by the town this year at the behest of Mayor David Knight, if they were to give a letter grade on the town’s finances for 2017, the last year that Skip Wilson was mayor, that grade would be an “A”. Davis gave this answer in response to a series of questions asked by Councilman Al Koon at the meeting.

During the meeting, Koon asked Davis if there were any suggestions for improvements from the 2016 audit that the town had not addressed. Davis told the council that they all had been. Koon also asked if the staff of the town had worked well and been cooperative with the auditors; Davis said that they all had. Davis told the council that he wouldn’t grade the town’s finances as an A + because every municipality that they have ever worked with had some room for improvement.

Councilman Koon said that he had prepared his questions in advance of the meeting because so many accusations of financial impropriety against the former administration had circulated during the election. Koon said that after carefully reviewing the audit, it was evident that the Wilson administration, and the council that served with him, had left Chapin on a sound financial footing.

The town’s staff have said that the new firm was very easy to work with this year. Mauldin & Jenkins, LLC has a division that concentrates on municipal audits. “That experience makes them very good at what they do according to the town’s finance staff,” Councilman Koon said.

At the end of every audit, the firm preparing the document makes a list of suggestions for improvement. One suggestion that Mauldin & Jenkins did make was having Chapin switch from Quickbooks, a very well-known accounting program used by businesses of various sizes, to a new program that might be better suited for a municipality the size of Chapin. The cost and time of switching programs in the coming year will be an issue for the council to take up in the future.

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