News Talk 94.1/AM 1600 Where The Upper Cumberland Talks
Jackson County’s revenue audit is entering phase two with the county offices next to be audited.
The Barrett Group of Murfreesboro has audited three revenue streams and has found $21,000 in reoccurring funds that could go back to the county. Jackson County Mayor Randy Heady said the goal is to find underutilized revenue streams to benefit the county.
“They are going to be contacting the Jackson County Assessor of Property, the County Clerk and Circuit Court Clerk to look at the revenue streams they have,” Heady said. “And the possibility of any other revenue streams.”
Heady said the total audit should be completed in 12 to 18 months.
Donna Barrett of the Barrett Group gave an audit update to the Jackson County Commission Monday. Since December, the audit has found over $40,000 of one time payments due to the county from the state.
“The one time collection is something the state allows to happen to kind of make up for all the years it was wrong in the first place,” Barrett said. “(…) We will do a clawback, a set amount of dollars we determine we think is appropriate, that is one and done and everybody agrees with.”
Barrett presented to the commission a 20 year overview of over $400,000 the county could receive back from reoccurring funds. The three revenue streams audited so far are the sales tax, hall income tax and utility sales tax.
“When we make these corrections, your tax payer knows nothing,” Barrett said. “The mom and pop store, the Walmart, it does not affect them at all. The state goes in makes the corrections, changes where everything goes and everything moving forward is fine.”
Barrett said the contract with the county is a one time partnership with another audit not being needed for another 15 years.
