6:30 PM

Stone County Clerk Judy Berkstresser says over 400 Kimberling City residents have signed a petition asking for a state audit of the city's coffers.

The office of Missouri State Auditor Tom Schewich sent city leaders a letter earlier this month saying an audit had been authorized.

Citizens, and some city leaders have voiced concerns about the state of the municipalities finances and the city's ability to pay back a recently refinanced $3.4 million loan for sewer system upgrades.

There's confusion between city leaders concerning about $300,000 that no one can currently account for that was set aside to make future payments on the sewer upgrades.

Ward Ward 1 alderman Bob Fritz says he supports the audit and believes the city "will probably come out looking fine."

Ward 2 alderman Kenny Bowling says the cost of the audit will hamper city improvements.

Ward 1  alderman Carl Newberry said all three of his fellow board member could not tell him where "the finances of the city are."

"We would all be derelict not to find out what's going with this city's finances, reboot this city and do what needs to be done," said Newberry.

The cost of the audit is expected to cost Kimberling City taxpayers between $25,000 to $45,000.