Tuesday, August 28, 2012
FEN Fact Checks Grafton Supervisor Candidate Claims
Townships are supposed to file an audit of each year's financial records with the Comptroller within six months of the end of each fiscal year. A Comptroller's spokesman confirmed Monday that Moore has filed audits for 2008-9, 2009-10 and 2010-11. However the 9-10 audit hasn't been accepted by the Grafton Board and the 10-11 one isn't finished yet. Indeed, CPA Paul Thermen has said in FEN interviews that the ethics of his profession don't allow him to complete the 10-11 audit until Grafton pays him for the 9-10 job. Trustees have refused to do that until Thermen appears before them to explain what they consider to be possible discrepancies. They'd said that all year but Thermen has yet to meet with them.
Illinois statutes allow a township to send along "any comment or explanation that it wishes to make concerning the (annual) report" and Comptroller Media Affairs Manager Mike Dropka said Grafton Township's audits included a lot. Moore told FEN Monday she filed the disputed and incomplete audits with the Comptroller because, "They called me and asked me to send it to them. They said send in what we have. When the State tells me to do something, I'm going to do it."
Waitzman is, just as his announcement said, a Certified Public Account. However, in Illinois CPA's come in two flavors, licensed and registered. A check of Illinois Department of Financial & Professional Regulation records shows Waitzman used to be a licensed CPA but now he's a registered one. The difference, according to spokeswoman Sue Hofer, is that even though the letters after the name are the same, Illinois registered CPA's can't conduct official financial audits the way licensed ones can.
Waitzman told FEN Friday that's exactly why he isn't a licensed CPA. "I don't need it because I'm not doing it," said the Algonquin attorney. Waitzman said he could be a licensed CPA if he wanted to, it just costs too much. "I used to teach accounting," at Northeastern Illinois University Waitzman explained.
In the pic: Grafton Supervisor candidate Marty Waitzman first complained about Grafton Township's audit dispute between Supervisor Linda Moore and the rest of the Board at this year's Annual Township Meeting.