Finance director: FY25 audit showed two repeat material weaknesses; corrective actions underway
Finance Director Marcia Solo told the committee the FY25 audit identified two material weaknesses — grant accounting/reporting and audit adjustments — and said the new finance team, process changes and tooling aim to prevent repeats, though ultimate confirmation will come from the next audit.
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Marcia Solo, the city's finance director, briefed the Audit Advisory Committee on the corrective action plan for the FY25 audit, saying the audit included two material weaknesses that repeat from the prior year: one involving grant accounting and reporting, and the other related to audit adjustments.
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