RFP Staff
♦ One month after Rowan Free Press made public emails documenting that Salisbury Finance Manager Wade Furches requested and was provided perks by the city’s audit firm Martin and Starnes, the city has decided to switch audit firms.
Elliot Davis Decosimo will become the city’s new audit firm as of March 15th, 2016. The city will award them a $32,000 contract, with an option for a two year extension.
Rowan Free Press previously reported how Wade Furches changed the type of accrual in the annual audit presentation made to City Council in a way making a Fibrant loss appear to be a Fibrant profit. Furches made Martin and Starnes aware of this change via email. After the City of Salisbury provided RFP those emails via a FOIA request, they then publicly announced Fibrant was running an overall loss due to being subsidized by the General Fund in excess of $3M a year. Read more about the change of accrual here:
Salisbury City Finance Director Changed Audit Presentation to Make Fibrant Appear Profitable in 2014
To read the emails Rowan Free Press made public about Furches’ requested perks from audit firm Martin Starnes click here:
City Finance Director Wade Furches Asks for Family Perks from Vendor. Vendor Delivers the Goods
