Taxation Legal News

Improper Payments Of Comp Time/Overtime In Engineer’s Department

Auditor of State Betty Montgomery today released the annual financial audit of Perry County.  The audit makes findings for recovery totaling more than $8,720 for improper payments of compensatory time (or “comp” time) and overtime to 21 employees in the county engineer’s department.  The audit also reviewed allegations brought by the outgoing county auditor that property values had been improperly altered by the incoming county auditor (a former county auditor employee).  Montgomery’s review of these allegations found that the county auditor’s office failed to have changes properly approved by the Perry County Board of Revision in certain cases that required board approval.

“Ohio law puts in place rules governing the expenditure of public funds to ensure that our public officials make proper use of taxpayer dollars,” Montgomery said.  “As public officials, we must ensure that these rules are followed to the letter in order to preserve the public’s trust in government.”

Auditors reviewed employee time cards at the county engineer’s department.  The review found several problems relating to the accrual of comp time and/or overtime, including the following. Read more at auditor.state.oh.us.

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	Did You Know?
	Corporate Reorganizations; Transfers of Assets or Stock Following a Reorganization These proposed regulations address the effect of transfers of the assets or the stock of parties to a reorganization pursuant to transactions intended to qualify as reorganizations within the meaning of section 368(a) of the Internal Revenue Code. REG-130863-04. Published August 17, 2004.