In a recent city council meeting in Yukon, Oklahoma, members addressed several significant issues, including the approval of a budget amendment and the engagement of an independent forensic accounting firm to investigate financial matters.
The council approved a budget amendment of $125,000 to fund a deeper review of financial discrepancies identified by external auditors and council members. This expenditure is expected to be offset by an anticipated increase in revenue of $1,250,000 from reinvested funds, with interest income projected to cover the costs within approximately six weeks. Doug, a council member, is set to provide an update on this financial situation in the next meeting.
Additionally, the council authorized North American Forensic Accounting LLC to access city records, including bank accounts and payroll records, to facilitate their investigation. This decision underscores the council's commitment to transparency and accountability in city finances.
The meeting also touched on a breach of confidentiality regarding executive session discussions. Council members will explore measures to reinforce compliance with confidentiality agreements following an incident where confidential information was disclosed on social media. This discussion highlights the importance of maintaining trust and integrity within the council's operations.
Overall, the meeting reflected the council's proactive approach to addressing financial oversight and ensuring adherence to ethical standards.