Abramson Responds to City Finances Audit

by scrosby on March 22, 2010

by Stephanie Crosby

A year-end review of the city of Louisville’s finances to be released this month contains some concerns from the state auditor’s office – but Mayor Jerry Abramson says most of the problems outlined have already been addressed.

He says most of the concerns pointed out included policy issues at Metro Animal Services and the Corrections Department. He says those issues are being dealt with.

One point that surprised him was a complaint over how the city keeps track of money promised to the city by way of grants, but that hasn’t been received yet.

“So we carry that in a way on our books that the auditor feels is incorrect, so there’s a debate over how you do it,” says Abramson. “Nothing’s lost, the funds are there, and we’re going to respond to them accordingly and do what they’ve asked us to do.”

Metro Government was also chided for it’s handling of a 950-thousand dollar forgivable loan to the Cordish Company for Fourth Street Live.

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