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Legislative auditors report two internal‑control deficiencies, late annual report filing noted
Summary
Legislative auditors told the Clay County Board of Commissioners they found two significant internal‑control deficiencies—cash reconciliation and financial reporting adjustments—and notified the board that the 2022 annual financial report was filed late, in apparent noncompliance with state filing requirements.
David Weidler, representing the Department of Legislative Audit, presented the audit closing conference and management letter for the county and identified two significant internal‑control deficiencies and several reporting items the audit team considered important for the board to know.
Weidler told commissioners the auditor’s work found cash reconciliation practices that did not reconcile county cash balances reliably to the general ledger and noted a bond account (Series 2023 bonds) had not been included in the treasurer’s reconciliation records; auditors recommended that the county ensure the bond account is properly reflected in treasurer and auditor records. He said the reconciled cash in the county records was…
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