The Village of Bethel has undergone some major financial setbacks over the past few years and an audit released by Auditor of State Mary Taylor Feb. 18 describes in detail a shortfall of $481,396.

Poor accounting practices and mismanagement of funds dating back to 2006 have put the village’s general fund in the red. Former village administrator Mike Shiverski and former fiscal clerk Clarissa McCoy were responsible for many of the discrepancies in accounting.

According to administrator Travis Dotson, since no funds were taken and it was just a matter of incompetence, the village cannot press charges against the two. Their bonds which would cover some issues, do not cover the incompetencies.