County staff report finances, discuss payment-processing problems and audit concerns
Staff reported account balances and collections, discussed recurring payment problems with a borrower and urged increased ACH use; the committee also heard dissatisfaction with a recent audit firm’s performance and billing.
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Staff reported the April beginning balance for a county account at $332,985.60 and walked members through recent payments, interest and deposits. The report noted a delayed closing and that the fund remained above the higher-yield threshold, while staff said collections for the month totaled $3,422.14 and interest of $726.88.
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