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Consultant urges monthly financial monitoring, staffing continuity as 2023 audit waits on capital-asset records
Summary
At an April 2 Cleveland Heights Finance Committee meeting, a finance consultant recommended monthly variance and cash reports, staff continuity and potential accounting-system changes. The 2023 audit remains incomplete while Schonhardt awaits the city’s capital-asset inventory, which city staff said would be finished this week.
A finance consultant told the Cleveland Heights Finance Committee on April 2 that stronger, regular monitoring and improved staffing are needed to prevent future reporting delays and to support the city’s budget process.
Frank Ike, a finance consultant working with the city during the first quarter of 2025, told the committee the city’s external auditor, Schonhardt, cannot complete the 2023 audit work until the city delivers a final capital-asset inventory. Director Hairston said the city’s capital-asset list “will be complete this week,” and staff member Mr. Phelps gave a firm deadline of “Friday close of business” for finishing that inventory. At the same meeting Director Hairston said the 2024 audit “will be delayed.”
Ike told the committee that council’s oversight role requires both clear budgeting up front and regular follow-up after the budget…
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