Clay County Hospital Officials Say Cash Discrepancy Resolved

Clay County Hospital say they have rectified a cash variance situation we reported in April.

The discrepancy was first detected in the annual fiscal year audit in 2008. Last year, hospital administration committed to correct the situation.

A statement from hospital spokesman John Bursich said the hospital at the end of Fiscal Year 2015 had successfully remedied bookkeeping items that had been ongoing audit issues. In order to correct the situation, a third party auditor was retained. Accounts were reconciled and most errors were attributed to automatic electronic payments, a deposit held for pharmacy purchases, and non-cash vouchers posted as cash receipts. A total of $203,339.80 was identified and properly recorded to the hospital records.

The hospital statement said the Flora-based hospital has revised its process for monitoring automated electronic payments. The statement indicates the moves bring records current and allows the accounting department to more accurately identify any possible discrepancies in electronic transactions going forward.