The Rye city council's probe into the misappropriation of funds at the Rye Golf Club has come to an end after nearly five months of audits, questioning and legal investigation.
Theresa Trzaskoma of Brune & Richard LLP, the law firm hired for the investigation, has completed her report and the council will provide an update on the investigation and the report at tonight's city council meeting at 8 p.m. at City Hall. You can watch the meeting live on RyeTV here.
Former RGC manager Scott Yandrasevich, under fire for his actions in that role, resigned from his position in January.
The investigation has cost the city a total of $280,463.58 so far, according to corporation counsel Kristen Wilson.
The city council is expected to pass a resolution tonight that transfers an additional $102,000 from the general contingent fund to the council legal services account in order to pay the remainder of the legal bills related to the probe. The transfer will leave a balance of $198,000 in the contingent fund account.
The council paid $178,897.33 in legal bills in 2012 - the investigation began on October 10 last year. This year’s January bill was $76,533.75 and the February bill was $25,032.50.
Most of the expenses are for the cost of the law firm Brune & Richard LLP, which the council hired to lead the investigation in October, and to Breen and Associates, LLC, a financial investigation firm retained by Brune & Richard.
You can view more information on invoices and bills paid here.
