Miller County Treasurer's Office records contained misstatements in revenues of $1.76 million in the general fund due to classification errors, according to findings in a state audit.
But the findings have been resolved, a county official said.
"The money was miscoded and not missing. Every penny has been accounted. There is no money stolen. There is no money missing," Miller County Treasurer Danny Lewis said. "The errors have been fixed."
Other funds contained material misstatement in assets, liabilities, fund balance, revenues, and expenditures of $53,272, $18,375, $34,897, $320,543 and $15,599, according to the audit, conducted by the Legislative Joint Auditing Committee.
The audit was for the year ending Dec. 31, 2014.
The errors were made in recording revenues after the state changed the codes used in accounting procedures, Lewis said.
"The old codes were used instead of the new codes," Lewis said.
"Every dollar is assigned a code number and this was a new book, and there were classification errors. Some revenues were miscoded, which means we made classification errors," he said.
Arkansas Code requires county management to maintain financial records. The financial records contained omissions and errors, the report stated.
"These misstatements were due to unrecorded accounts receivable and accounts payable, classification errors, and posting errors. The effect of these omissions/errors constitutes a significant control deficiency in the process of preparing financial statements," the audit findings state.
The report also stated the treasurer "management had no process to periodically review and approve data changes and deletions. Without adequate supervisory oversight of changes to information, erroneous or unauthorized transactions are less likely to be detected."
County officials tout transparency about the county's financial matters.
"We're transparent and the office is open from 8 a.m. to 4:30 p.m. Monday through Friday. I would hope if the Quorum Court has questions they will come in and sit down and we will answer any question they have," said Leslie Ross, chief deputy treasurer.
Lewis also defended the financial condition of the county.
"I keep hearing Miller County is broke. We had $2.6 million in the investment account and $600,000 in the road department. We have two CDs (certificates of deposits) for $121,000 each ($242,000). We have another CD at Commercial (National Bank) for $222,000. We have more than $3 million in the investment account," Lewis said.
"Every year during the first three months, we borrow from the investment account to keep the county flowing. We have borrowed $350,000 from the investment account and we've already put back the $350,000 plus $80,000 over what we borrowed in the investment fund," he said.
"The main thing we want to get across-there is no money missing," Lewis said.
"Every penny is accounted for," Ross said.
"I'm sure if it was missing, it would have been in the findings," Lewis said.