SJEDD AUDIT UNCOVERS SERIOUS FINANCIAL MESS

Auditors have released the findings of their audit of the South Jersey Economic Development District and the results are not pretty. The organization is over $1 million in debt and auditors from the Ford-Scott & Associates firm found many problems, including improper billing procedures that may have triggered double reimbursements. Interim SJEDD Executive Director Steve O’Connor told the Press of Atlantic City that so far, there are no indications that outside agencies plan to impose sanctions on the district.