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Finance update: 2022 audit submitted; December fraudulent transactions were refunded
Summary
Finance staff told the committee the town submitted its 2022 audit to the state auditor, expects remaining 2023 property tax funds after auditor notification, and recounted fraudulent ACH/check transactions posted to the town's account in December that the bank refunded; the town has implemented additional safeguards.
Wellington Town finance staff reported at the Feb. 24 Finance Committee advisory work session that the town’s 2022 audit has been submitted to the state auditor and that monthly financial reports and audit presentation are on the schedule for the March 11 board meeting.
Staff said the 2022 audit produced no material findings and that the town expects the remainder of 2023 fiscal‑year…
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