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Audit finds recurring internal-control gaps; county to tighten capital-asset disposal and inventory procedures
Summary
The finance director reviewed FY23 audit findings that cited internal-control weaknesses, drainage-district accounting errors and capital-asset inventory gaps; the committee directed staff to improve reconciliations, asset inventories and reporting controls.
The finance committee reviewed FY23 audit findings that the finance director described as generally "good" but containing recurring material weaknesses in internal controls, capital-asset disclosures and some drainage-district accounting.
Why it matters: the audit flagged processes that affect financial transparency and fund reconciliations, which can influence bond ratings, grant compliance and fund stewardship.
Key audit findings and committee responses: - Internal controls: The auditors recommended strengthening internal controls and, as one standard remedy, increasing…
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