The results of our investigation found that: (1) the Town of Spring Lake’s former Accounting Technician (who also served as the Finance Director for a period of time) used at least $430,112 of Town funds for personal use; (2) at least $36,400 in cash collected by the Town was not deposited into the Town’s bank account; (3) Town employees spent $102,877 of Town funds on questionable credit card purchases; (4) the Town overpaid the former Economic Development Director $9,900 in error for his monthly cell phone stipend; (5) Town officials failed to safeguard Town vehicles; and (6) the Town’s Board of Aldermen did not maintain closed session meeting minutes for some of its meetings held during 2019 and 2020.

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