INV-2026-NEWLAND
Town of Newland – Investigative Report
- The Town is delinquent in its required annual financial statement audits for fiscal years 2024 and 2025.
- The Town failed to maintain required surety bond coverage, as the current Manager was not bonded in that capacity from May 6, 2025, through May 28, 2025, and the Interim Finance Officer position remained unbonded from May 6, 2025, through June 10, 2026; however, the Town obtained the required bond as of June 10, 2026.
- The former Town Administrator bypassed bidding and board approval in connection with $418,658 in general fund expenditures.
- The Town’s Board approved a sealed bid that financially benefited Caretaker Services Inc. (CTS), a business owned by the then-sitting Mayor, despite the business being dissolved, resulting in CTS receiving $63,460 in financial benefit.
- Internal control deficiencies over banking transactions caused a loss of $15,210 in public funds.
First Published