Tag Archives: error

Taxing Typo = $70,000

An accidentally dropped digit in the city’s property tax rate — sent to printers last fall for the latest tax bills — ended up costing the city of Kingston about $70,000, reports the News Sentinel.
It also wound up costing the employee who made the mistake 30 days of unpaid administrative leave.
City officials caught the error about 10 days ago during a check of current-year revenues when they saw that property taxes were “coming in a little low,” City Manager Jim Pinkerton said.
That’s when they found that the wrong tax rate was sent to the state for printing the city’s 3,519 tax statements. Those bills were sent to taxpayers around Oct. 1, and were due at the end of February.
Instead of the correct certified tax rate of $1.0834 per $100 assessed value, the bills “reflected a tax rate of $1.034,” Pinkerton wrote in an email to the mayor and council members.
Each penny in property tax generates about $14,000, so that 5-cent error cost Kingston $70,000.
“It’s amazing that nobody caught this,” Mayor Troy Beets said. ”Certainly, nobody came up and said, ‘You charged me too little.'”
For the average homeowner, the tax bill was about $6 to $8 less than it should have been said, Beets said

Knox County’s $6M ‘Accounting Error’

Knox County’s external auditor says the Trustee’s Office has made what it calls a $6 million accounting error and that the mistake could invite greater scrutiny into office operations, reports Mike Donila.
Washington D.C.-based KPMG, in an email obtained by the News Sentinel and sent earlier this week to Knox County Audit Committee Chairman Joe Carcello, says the firm also is concerned that the error could have implications for Knox County’s annual audit and its “low risk” status.
KPMG partner Jack Reagan in the email said it took too long — four weeks — to compile information that makes up the Trustee’s Office’s portion of the county’s financial statements and that it “was significantly out of balance.” He also wrote that “personnel left town rather than investigate this difference further.” “It is apparent to me that this (Trustee’s) office does not put a high priority on the external financial statement audit,” he wrote.
Carcello said Friday he is not sure what to think. He doesn’t believe money is missing but said “there are more unanswered questions than there are answered ones, so I’m trying to wade through a lot of conflicting stories.”