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Consultants describe multi‑month finance cleanup; commission told audit work, reconciliations and hiring will take 12–18 months
Summary
Consultants and staff outlined progress and a timeline for bank reconciliations, trial‑balance cleanup, audit readiness and recruitment; the team expects several months to reach a stable monthly reporting cadence.
City finance consultants and staff gave the commission a status update on efforts to restore accounting controls and close the books for fiscal year 2024, saying the work will require months of reconciliation and staffing changes before monthly reporting returns to normal.
Consultant Kelly Telford (LSL) and Noah Daniels said the team has been triaging longstanding issues, focusing on bank reconciliations, trial‑balance cleanup and preparing records for the auditors. They said reconciliations have been completed through February 2024 and the team aims to complete the close and be…
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