Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Brookshire finance staff report $1.5 million transfers, auditors cite missing reconciliations
Summary
City finance staff reported transfers between Wells Fargo and NewFirst accounts in 2024 and ongoing gaps in reconciliations that are delaying completion of the 2022–2024 audits; council was advised to leave accounts open pending audit work.
City finance staff told the Brookshire City Council on June 5 that $1.5 million in transfers among city accounts were identifiable but that accounting gaps and the city—s migration between accounting systems have delayed audits for multiple years.
Miss Lyons, who presented the financial report, said that in January 2024 funds from 13 Wells Fargo accounts were transferred into the general fund at Wells Fargo totaling $1,500,000 and that not all balances had been moved to NewFirst as…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
