Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance director outlines audit timeline, reporting changes and vendor search for new accounting system
Summary
Finance Director Greg Harrison told the Finance Committee that the city submitted unaudited 2023 financial statements, expects an opinion in roughly 90–120 days, plans to begin 2024 work immediately, is pursuing a new integrated financial system (VIP), and discussed reporting cadence and internal controls for budget transfers.
Finance Director Greg Harrison updated the Cleveland Heights Finance Committee on June 3 about audit timing, monthly and quarterly reporting options, staffing constraints, and a vendor search for a new financial management system.
Harrison said the city has submitted unaudited 2023 financial statements to the state and expects the auditors’ opinion in “probably 90 to a hundred and 20 days.” He told committee members the next steps are to begin the 2024 financial work immediately and to pursue an audited set of financial statements for 2024 more quickly than 2023. He said the finance team had obtained an initial 30-day extension for the 2023 work and likely will request another 30-day extension to complete the engagement.
Harrison also discussed transparency and reporting cadence. He circulated the first-quarter report and bank reconciliations for January–March and said he would supply…
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
