GloucesterTimes.com, Gloucester, MA

Breaking News

Latest Cape Ann News

September 2, 2013

Manchester housing agency suing accounting firm

MANCHESTER — The local branch of the state-run public housing authority has filed suit against its own accounting firm for an alleged breach of a contract that went into effect in 2006.

The complaint, filed in Essex County Superior Court earlier this month, indicates that the Manchester Housing Authority is seeking undefined damages from J.L. Regan & Associates Inc. of Methuen, or it would like the company to complete what the housing agency says is the remaining terms of their contract.

According to the complaint, the MHA agreed to pay the finance firm $378 monthly for 60 months — or $22,680 — and that the fee could have been adjusted annually. But the MHA is claiming certain parts of the contract were not honored.

“Specifically, after repeated demands by MHA, Regan has failed to provide MHA with the following reports,” the court document reads.

Those reports include information regarding a revolving fund trail balance, general ledger, revolving bank reconciliations and management books balances that were due July 30, 2011 and prior to that, as well as depreciation reports, a paid days off schedule, and a report for a development on 12 Summer St.

Paul B. Cullinane, the Salem-based lawyer representing the housing authority, declined any comment for this story when contacted on Friday, while the director of the housing authority was out of the office until Tuesday.

A representative of J.L,. Regan & Associates also declined to comment on the story Friday and would not say if the accounting company has tapped a law firm to represent them.

The New England Regional Council of the National Association of the Housing and Redevelopment Officials includes 250 agencies throughout New England; Joseph L. Regan of J.L. Regan & Associates Inc. is listed as the company’s treasurer as of 2012, according to their website.

The group advocates affordable and safe housing for New England residents, namely those with low- to moderate-income.

Text Only | Photo Reprints
Latest Cape Ann News

Pictures of the Week
Your news, your way
Comments Tracker
AP Video Network
Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN