Jim Zeigler’s annual report reveals minimal losses of state property

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IRS-tax-audit

An annual audit of Alabama’s state property revealed the state had minimal losses in 2018, just .0864% of total state assets.

State Auditor Jim Zeigler’s staff conducted a property inventory of 45 agencies in the 2018 fiscal year, which ended Sept. 30. According to Zeigler’s annual report, 35 agencies scored perfect audits, with all items of state property accounted for. 10 agencies had losses of 206 items valued at depreciated cost of $376,322.76.

Zeigler’s office is tasked with providing accountability to the taxpayers of Alabama by maintaining accurate records of all personal property valued at $500 and above by conducting  property and equipment audits for all 176 agencies statewide with 238,557 total assets. Typical items are state vehicles, computers and furniture.

“The new safeguards we are putting into place are paying off with less loss of state property. Accountability works and re-pays for its costs many times over.” Zeigler said.

Zeigler was elected to a second term as State Auditor Nov. 6.  This is his final term, as he is term-limited.