Council accepts 2023–2024 audit; recurring internal-control finding noted
City staff presented the final 2023–2024 audit and the auditor's Plan of Action; the council accepted the audit. The auditor reiterated a recurring significant deficiency in internal control over financial reporting because auditors prepare the financial statements; council approved the report as submitted.
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Administrator Lacey McQuead presented the final audit for fiscal 2023–2024 and reviewed Teresa Hanford's Plan of Action addressing findings. The auditor's report repeated a recurring finding: a significant deficiency in internal control over financial reporting arising from the practice of auditors preparing the financial statements. Councilor Eric Stangel moved to approve the audit as submitted; Councilor David Elliott seconded and the motion carried.
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