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City reports annual fraud-risk assessment to council; rating remains low
Summary
City finance staff presented the state-required annual fraud risk assessment to the Vineyard City Council, reporting the city's risk level as 'low' and noting the assessment must be uploaded to the state auditor's website.
Vineyard City staff presented the municipality’s annual fraud-risk assessment to the council on June 11 and reported the city remains in the “low” fraud-risk category.
Staff explained the state-mandated checklist focuses on internal controls such as separation of duties in finance, written policies adopted by ordinance, and the existence of a fraud hotline. The assessment is an annual reporting requirement that staff said must be uploaded to the state auditor’s website and provided to the city’s independent auditor as part of the audit process.
Council members asked clarifying questions about what the assessment covers. Staff said the primary focus is separation of duties in the finance department, maintaining written policies reviewed by counsel and recorded by ordinance, and procedures for reporting suspected fraud, including contact through a Vineyard email address and a hotline.
No formal vote was required; staff presented the report as informational and invited questions. Council members had no further questions after the presentation.
