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Finance staff present 2025 internal audit plan; committee hears scope and timelines
Summary
City internal audit staff presented the 2025 internal audit work plan covering performance audits, internal control monitoring and general reviews; priority areas include Community Development Division, fleet services, parking, assessor's office, vendor master file and IT systems, with completion timelines through December 2025.
Kola, the city's internal audit lead, presented the Finance Department's 2025 internal audit plan to the City of Madison Finance Committee on Feb. 3, outlining priorities, scope and timelines.
Kola told the committee the plan is aligned with municipal strategic objectives and focuses on governance, accountability and operational efficiency. Major projects listed for 2025 include completing the Community Development Division (CDD) audit started in December 2024; audits of fleet services (to address vehicle handling, repair costs and workers' compensation exposures); a parking-division review (including operating procedures and garage security); a review of the assessor's office operations; and a citywide vendor master file audit to verify data integrity and guard against duplicate or unauthorized vendors. Kola also said IT system reviews and limited cash-control testing are planned.
Kola provided an allocation of planned effort: about 57% of activities will be performance audits, 29% internal control monitoring and 14% general review. Several audits are scheduled by quarter, with the firm timeline for completion of the enterprise assessment exercise in December 2025.
Alder Rivera asked whether there are any initial observations from the ongoing CDD audit. Kola said testing is still in progress, CDD has been slow to respond to some questions, and there are currently no findings to report to the committee.
Committee members thanked Kola and Finance Director Dave Schmidicki for expanding the internal audit presence and for bringing the work plan to the committee early in the year. Kola and staff said they will present completed audit results to the committee when testing wraps up.
