According to Galloway’s report, Prewitt Point TDD was one of 30 out of 174, or 17-percent, which did not comply. Five TDDs in Camden County filed their annual reports on time, as well as another TDD in Miller County.
The Prewitt Point Transportation Development District (TDD) in Miller County was cited by Missouri State Auditor Nicole Galloway in her office’s monthly financial reporting laws report for failing to disclose legally required information on how taxpayer dollars are being managed.
There are more than 200 TDDs in Missouri with 174 of them having fiscal years that end in December, which requires the taxing district to submit annual financial reports to the State Auditor’s Office by the end of June.
“TDDs are typically funded by sales tax, with the intent of encouraging new transportation-related projects or funding transportation-related maintenance and improvements in a specific area,” according to a press release from Auditor Galloway’s Office.
According to Galloway’s report, Prewitt Point TDD was one of 30 out of 174, or 17-percent, which did not comply. Five TDDs in Camden County filed their annual reports on time, as well as another TDD in Miller County. Prewitt Point was the only TDD cited in the tri-county area for failing to submit the documentation on time.
The six reporting entities who did file their annual reports on time included Dierbergs Osage Beach TDD, Horseshoe Bend Pedestrian Corridor TDD, Osage Station TDD, Toad Cove Complex TDD, Toad Cove Resort TDD, and Horseshoe Bend TDD in Miller County.
“My audits have identified a number of concerning practices among the state’s transportation districts. Holding back information on how they’re managing public dollars is certainly inappropriate and in this case it’s also a violation of the law,” Auditor Galloway said. “This repeated failure to turn over basic financial information calls into question whether the money is being spent appropriately and in a manner than(sic) truly benefits the public.”
Missouri state law requires requires TDDs to submit annual financial reports to the Auditor’s Office within six months of the end of their fiscal years. TDDs that fail to provide this information may be assessed a fine of $500 per day by the Department of Revenue, with the fine assessment, beginning 30 days after the report is due, the press release stated.
The full report can be viewed at: https://app.auditor.mo.gov/Repository/Press/2017067890437.pdf