City of Cisco Missing Near $80,000 In City Funds

Published 08/06 2014 10:43AM

Updated 08/06 2014 10:44AM

CISCO, TX -- The City of Cisco is conducting an investigation into the yet unaccounted for loss of as much as $80,000 from city funds.

The acting city manager said that during the city's annual audit by an outside accounting firm, between $70,000 and $80,000 was unaccounted for.

According to the city manager, the discrepancy is somewhere within the Utility Department, and it was suggested that the issue could be a problem with water bills. 

The City of Cisco will be performing an internal investigation; however, the investigation is in the very early stages and so far no one has been accused of the misuse of city funds. 

(Information from BigCountryHomepage.com)

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