What's wrong with Washington city finances? | Eastern NC Now

If a corporation's audit is delayed or its chief financial officer suddenly resigns, then that creates big red flags on Wall Street that something is amiss in the corporation.  

For the City of Washington, North Carolina, BOTH of those things have just happened, so we have to wonder why.  Washington was supposed to get its audit report at the October city council meeting, but it was taken off the agenda with no explanation.  Then word got out that the city's chief financial officer is resigning and leaving town.

What is up and why is it being covered up by the current regime until after the election?

This also leads to some head scratching about Mayor Sadler prominently saying the city was in good financial shape as his lead statement on a recently mailing.  That was really odd because prior to that no one had questioned that issue.  Maybe as the line from Shakepeare goes "the lady doeth protest too much."

Being that the finance officer is bailing out, citizens really do need a look at that audit BEFORE they cast their votes in the city election.