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Finance department asks board for three hires, p‑card audit and proposes bringing treasuries in-house to save advisor fees
Summary
Finance presented staffing requests to handle transaction volume after an ERP rollout, proposed a third-party audit of the city p‑card program, and floated returning the city’s short-term treasury portfolio in-house to reduce advisor fees.
The Fort Lauderdale Finance Department told the Budget Advisory Board it needs staffing additions to process a dramatic increase in transaction volume after a recent enterprise-resource-planning rollout and proposed a third-party p‑card audit and converting an outsourced short-term treasury portfolio to in-house management.
Finance said the ERP implementation moved the city from summary postings to recording each transaction live, increasing workload and delaying financial reporting; the department reported it currently remains roughly six months behind month-end reporting and would seek one accountant, one accounts-payable clerical hire and funds for a third-party p‑card review to improve timeliness and internal controls.
“Every bank…
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