CONWAY (AP) — A committee looking into a cash shortfall in Conway says poor bookkeeping led to an accounting error that left the city with more than $990,000 less than believed.
The city's audit committee said the company hired to do the city's annual audit two years ago did not make the mistake.
The money was included in the city's general fund — but had already been obligated for certain expenditures. About $880,000 of that money was used for improvements at the city's technology park where Hewlett-Packard Co. has since located.
The Conway City Council recently approved $1.2 million in budget cuts because of the shortage.