'Severe financial distress': State investigation into Rocky Mount shows millions of dollars mismanaged, auditor says

Audit: Rocky Mount cash reserves plunged $80M under new manager

A lack of oversight and due diligence has led to serious financial distress, including the mismanagement of millions of dollars, for the City of Rocky Mount, according to a 257-page performance audit released on Monday by State Auditor Dave Boliek’s office. “Turns out, the residents of Rocky Mount were right to worry about their city and the financial condition of the City of Rocky Mount,” he said at a press conference Monday morning. He said hi…

Audit: Rocky Mount hired and managed poorly, costing its residents

(The Center Square) – Lack of diligence in hiring a city manager and cycling through five directors of its Finance Department showed no willingness for a North Carolina metropolitan city

'Severe financial distress': State investigation into Rocky Mount shows millions of dollars mismanaged, auditor says

RALEIGH, N.C. (WNCN) — Following a series of layoffs and finding millions of dollars in overspending, the state has stepped in to audit the City of Rocky Mount. State Auditor Dave Boliek held a press conference on Monday morning to address the recent findings of his investigation after initial reports of Rocky Mount's financial and [...]