Bloomfield fire commission fires finance director over controversial federal PPP loan courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.
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With enough money to meet payroll, the federal money was used to give staff and career firefighters an extra week’s pay and stipends to volunteer firefighters.
Fire District To Hire Financial Auditor Over Concerns About PPP Loans - NBC Connecticut compsmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from compsmag.com Daily Mail and Mail on Sunday newspapers.
Sheppard believes most PPP loans under $150,000 will get little or no scrutiny from the federal level, so situations like the one at the Blue Hills Fire District in Bloomfield will be left for local officials to sort through, not the Small Business Administration, which is overseeing the program.
“Those applications are really going to be a one page attestation that basically you sign and you give back to the SBA. That basically says here was the number of employees I was able to keep, here was my estimated payroll, and you call it a day,” Sheppard said.
Hearing complaints from the public, two new fire commissioners have decided not to wait for the feds and will have a forensic auditor examine a $120,000 PPP loan awarded to the Blue Hills Fire Department, and where it was spent.