Pickering – Hinds County audit raises ‘very serious concerns about management’

Hinds County’s finances in fiscal 2010 reflect numerous areas of concern with how the county conducts business, according to a private examination ordered by the state auditor’s office.

State Auditor Stacey Pickering noted the county ended the year with a $2 million deficit in its general fund and has routinely done interest rate swaps to ease the burden of about $47 million in bond debt.

“My child wishes for the tooth fairy and Santa Claus and the Easter bunny,” Pickering said. “But whenever we see any government habitually, year after year, running in deficit and relying on loans to bridge the gap, it raises very serious concerns about the management of that entity.”

Clarion Ledger
7/7/11