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Committee presses administration for completed financial statements and audit timeline
Summary
Committee members said the city must finish 2023 financial statements before the audit can begin and asked for month-end reconciliations and October–December reports; staff said bank reconciliations for October and November were provided and December is soft closed.
The Cleveland Heights Finance Committee spent substantial time pressing the administration for completed financial statements and a clearer audit timeline.
Consultants and finance staff told the committee the 2023 audit cannot proceed until the city’s 2023 financial statements are finalized and prepared for the auditors. Frank Eich, introduced by the chair as a consultant working with the administration on financial statements, said, “On the back end of that, once those financial statements are done, that's when the audit will be performed by SELPCO.”…
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