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Oklahoma Towns Forfeited Excise Taxes (Jul 31, 2012)

OKLAHOMA CITY (AP) - Oklahoma's top auditor says Oklahoma cities and towns have forfeited more than $90,000 in gasoline excise taxes by not filing annual financial audit reports with his office.

Auditor and Inspector Gary Jones says 76 cities and towns didn't file reports with his office for the fiscal year that ended June 30, 2010.

Oklahoma law requires cities and towns to file an audit report within six months from the end of the fiscal year or risk its share of gas excise taxes. Jones says that if the audit hasn't been filed within two years the funds are distributed to the county in which the town is located.

Cities and towns lost dollar amounts ranging from $50 for Fallis in Lincoln County to more than $35,000 for Bethany in Oklahoma County.

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