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Brookshire council questions city bank accounts, asks for audit review
Summary
Council members questioned the structure and transactions in Brookshire City’s pooled ICS accounts, deferred an incomplete police racial-profiling report and removed two consent items for discussion; a council member moved to hire an auditor to review bank accounts dating to 2022.
Mayor Pro Tem Tim Richards and several Brookshire City council members pressed city staff on the makeup and recent transactions in the city’s pooled bank accounts during the Feb. 6 regular council meeting at City Hall.
The discussion began after the council removed two consent-items for separate consideration: a bank account balance report from New First Bank and a Brookshire Police Department list of take-home and leased vehicles. The council also postponed agenda item 6(a), a racial-profiling report and memorandum from the Brookshire Police Department, after staff said the report is incomplete and will be placed on the next council agenda.
The matter of most immediate concern to council members was the city’s use of ICS accounts (insured cash sweep/ICS). Ms. Guite, a city finance staff member, described the accounts as “high interest accounts that…
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