Interim auditor flags accounting method, cites repeated internal-control issues
Lorena, filling in for Kyle, told the council the auditor issued an adverse opinion because the city follows KMAG instead of GAAP and reiterated internal-control weaknesses tied to small staff; council members were urged to review what they sign and to add six bank accounts to QuickBooks.
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Lorena, who said she was filling in for Kyle, opened the meeting with a brief review of the most recent audit. "And on page 1, it says it's an adverse opinion," she said, adding the rating reflects that the city follows KMAG rather than GAAP and that the opinion was similar to last year.
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