Town of Welaka could lose powers as local government pending approval of financial audit extension

The Town of Welaka is expecting to receive a decision this week regarding its request for an extension on a past-due financial audit. The outcome of the request could significantly impact the town’s financial future, as state funds may be withheld if the extension is not granted.Last week, the town’s attorney highlighted the severe consequences of non-compliance with state financial regulations, including the potential withdrawal of the town’s charter, which would effectively strip Welaka of its powers as a local government.