Borough's new finance director clears up accounting
November 4, 2021
The borough finance department has “found” $2 million to add to its ledger of cash, cash equivalents and long- and short-term investments, boosting the total to closer to $38 million.
The money wasn’t lost as much as left off a ledger.
Joyce Mason, the finance director in 2020, had transferred $2 million from a UBS operating investment account into a KeyBank account invested in the Alaska Municipal League Investment Pool, said Mason Villarma, finance director.
“That $2 million has been sitting in that KeyBank account since May of 2020,” said Villarma. “After digging a little bi...