Chesterfield County’s public school system missed deadlines to deposit money into retirement accounts, potentially affecting employees’ earnings, the county’s internal auditor has found.
The audit, prompted by an anonymous tip, found that the deposits for two separate types of retirement accounts were made anywhere between five days and three months late. Virginia Retirement System contributions for employees classified as “professional” were late 4 of the 5 months examined and non-professional classified employees saw late deposits 2 of the 5 months.
They also found “untimely” journal entries, which record payments and help decision-makers determine liabilities, according…
