Council approves sales tax audit
The Wills Point City Council met Aug. 11, hearing a report on the 2013-2014 audit report conducted by Yeldell, Wilson and Company CP and putting the wheels in motion on a sales tax audit that could potentially bring in additional revenue to the city.
Council members opened business by hearing a report from Greer Yeldell of Yeldell, Wilson, and Company CP.
Yeldell advised that overall the city performed well in its 2013-2014 audit, with some minor fixes but “no significant violations.” Yeldell noted that the biggest issue for auditors came from the city’s conversion to new financial and accounting software recently, but that future audits shouldn’t suffer extra delays or lags.
After several brief talking points, council members heard a presentation from City Administrator Pam Pearson and Mark Turner on the possibility of hiring a company to come in and conduct a sales tax audit.
Pearson explained, “I receive comments from people all the time regarding sales tax – where we are and how we know it’s being collected.” Pearson added that she and the mayor (Mark Turner) are both presented with 1,800 page reports from the Texas State Comptroller’s office”, and that the sheer volume of it makes it nearly impossible to gather the information necessary.
