A state audit shows a former city clerk in the small eastern Iowa town of Stockton misspent thousands of dollars of city money. State Auditor David Vaudt says Larry McCoy was responsible for roughly $65,000 in missing funds. That included $25,000 in personal purchases with the city’s credit card and over $4,000 of improper payroll payments.
McCoy was apparently using the city’s credit card for personal purchases for several year. The audit covered a period between July 2004 and October 2010.
“Some of his personal purchases related to Mediacom, his eye surgeon and whiskey purchased at Wal-Mart, so he was using the city’s finances for a lot of activities,” Vaudt said. The audit found more than $15,000 in undeposited collections and $7,500 of “unsupported disbursements” to two former Stockton mayors.
McCoy could face criminal charges. The report has been turned over to the Muscatine County Attorney’s office, the Iowa Division of Criminal Investigation and the Iowa Attorney General’s Office.