Item 32.1 on the Tuesday, June 28, 2016 city council agenda discusses the results of the city’s annual audit. It is marked “for notation only” meaning that council cannot take action after hearing of the problems.
From the backup material:
• Financial Audit: A finding related to the City’s year-end closing procedures which were not adequately performed. Resulted in initial errors in year-end balances and required several audit adjustments and delayed the audit issuance.
• Grants Audit: Of the 8 housing projects selected for review by BKD, the City did not verify eligibility information for 3 housing projects within the past fiscal year. In addition, the City did not maintain and was unable to provide the tenant application files for one housing project, and therefore BKD was unable to verify the tenants’ eligibly and rent being charged to the tenant.
• Grants Audit: Of the nine housing project selected for testing by BKD, the City did not perform inspections of units as required on four housing projects during fiscal year 2015.
Let’s see: wrong, late, unverifiable, and uninspected.
Those are pretty strong words coming from our external auditor.
We deserve better