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Archive - Dec 6, 2011 - News Article

City audit reports $2.7 million deficit for 2011

December 6, 2011

WOONSOCKET — In the end, it probably wasn't a surprise to some city observers that an ongoing audit of city finances in 2011 would end up reporting a $2.7 million deficit for fiscal 2011.
The auditing firm, Braver PC, had been working on the School Department's final numbers for fiscal year 2011 last week and indicated it would only have a preliminary finding on Monday, one day prior to inauguration of city officials to the new term of office Tuesday night.

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