
This past week, the Town of Jonesboro received the 2023-24 audit performed by Bosch & Staham, CPA. The accounting firm expressed an unmodified opinion, which by definition is the most favorable outcome, providing assurance that the financial statements were accurate and dependable while also indicating no significant misstatements or errors were found.
Despite the favorable review, it was reported by KNOE-TV in Monroe that the town’s finances were in trouble, sparking a response by Town of Jonesboro Mayor James “Spike” Harris, who issued a statement on what the audit meant and also sat down with station representatives to challenge the report that was broadcast.
See below for a link to the uncut version of the meeting that was held with KNOE-TV representatives and an issued statement by Mayor Harris.
Link to interview with Mayor Harris and KNOE-TV: https://www.facebook.com/share/v/1WUgxAsLLF/
Statement by Jonesboro Mayor Harris
As Mayor of the Town of Jonesboro, I want to directly address the 2024 Audit of our finances. The audit, conducted by Bosch & Statham, CPA, expressed an unmodified opinion—meaning that the financial statements fairly represent the Town’s financial position, despite the significant challenges outlined.
Findings Rooted in the Past
Many of the issues in this report were inherited from the previous administration. The
auditors clearly document how systemic failures and lack of accountability from prior leadership created the problems we are still working to correct today:
Budget Act Noncompliance (2024-003) – “The previous administration failed to initiate or complete any formal budget process. No transition was provided, all records and files were destroyed, and databases were either deleted or access was denied”. Late Financial Statements (2024-004) – “Delays were primarily due to multiple
systemic issues under the previous administration, including failure to maintain an
adequate accounting system, improper coding, and overall lack of financial competency”.
Capital Assets – Lack of Controls (2024-006) – “That administration failed to establish a comprehensive internal control system for asset identification, inventory management, and compliance with LRS 24:515”.
Unpaid Bills (2024-007) – “At the beginning of this administration’s term, the
Town…was left with over $700,000 in unpaid bills inherited from the prior
administration, including a $301,000 Entergy bill unpaid for 6 to 8 months”.
Payroll and Utility Losses – “The Town was previously not collecting utility services,
particularly water, resulting in an estimated loss of $1.5 million annually”.
Street Tax Misuse – “The temporary use of $256,000 in street tax funds…was due to cash flow shortages inherited from the previous administration”.
Court Remittances / Former Mayor Thompson – “These issues stem from significant
administrative failures under prior leadership, most notably under former Mayor Leslie Thompson…misappropriated fees…malfeasance during his second term”.
Findings Under Current Administration
The audit also identified findings under this administration’s watch, such as the failure to submit timely reports for the State and Local Fiscal Recovery Funds (SLFRF) program (2024-019). I accept full responsibility for these oversights and corrective measures are already in place.
Rising Audit Costs
It should also be noted that the audit process was prolonged and complicated when the previous mayor and two current council members wrote directly to the Legislative Auditor, triggering an extended review. This caused the cost of the audit to triple—from approximately $30,000 to more than $90,000 for 2024. Instead of helping the town move forward, this action further strained taxpayers and slowed progress.
Corrective Actions Underway
This administration is treating the audit as a roadmap for reform:
Implementing a modern accounting system and staff training.
Conducting a physical inventory of all assets and reconciling depreciation schedules.
Enforcing timely payment of bills and new purchasing controls.
Reestablishing budget compliance with a clear calendar, public hearings, and
transparency.
Creating a grants compliance team to oversee federal reporting obligations.
Moving Forward with Accountability
This report is not a setback—it is a turning point. For years, problems were ignored or hidden. Today, the Town of Jonesboro is confronting them head-on. We are breaking the cycle of recurring audit findings, correcting what was broken, and building stronger systems for the future. The people of Jonesboro deserve truth, transparency, and progress. This administration will continue delivering exactly that.
Dr. James “Spike” Harris
Mayor, Town of Jonesboro












































