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Auditor reports repeated deficiencies; committee orders steps to improve month-end closing and grant reporting
Summary
An outside auditor told the LaSalle County Finance and TIF Committee that while financial statements improved, multiple findings were repeated from prior years; committee members directed changes to meeting timing, bill submission and grant reporting to reduce future audit findings.
An outside auditor presented LaSalle Countys fiscal-year audit to the countys Finance and TIF Committee on May 6, reporting improvements but noting repeated material weaknesses and significant deficiencies that require corrective action.
Tanya (auditor, accounting firm) told the committee that total assets rose and net position improved compared with the prior year, driven in part by a roughly $6 million iFiber payment that boosted general-fund revenue. However, the audit recorded multiple repeat findings tied to financial-statement preparation, grant tracking and reporting, accounts receivable and ledger reconciliation.
"Some of these are in progress to be improved upon," the auditor said, noting the 2022 audit backlog delayed corrective steps and that the auditors office worked to correct beginning balances for the current…
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