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LaSalle County officials discuss steps to make insurance trust compliant with audit findings
Summary
County officials discussed whether creating or using a finance director position and existing monthly/quarterly reports will address audit findings for the county insurance trust; staff said they are consulting the outside auditor and may have 5–6 months to remedy outstanding deficiencies.
LaSalle County officials discussed steps to bring the county’s insurance trust into compliance with recommendations from a recent audit, including whether a finance director position should take on some responsibilities.
The discussion began when Sandy asked for an update on progress toward compliance with the audit recommendations. Melissa McFadren said she was not yet apprised of the status. Another official said staff is reviewing a finance director job description to ensure it would not interfere with the auditor’s responsibilities and that the county planned to consult the outside auditor about the appropriate approach.
Staff told the group they have provided the auditors with regular audit materials and trust audit materials, including examples of reporting that Mike Nugent already provides and quarterly reports that Mike Bazzetti produces. The auditors will assess whether those existing monthly and quarterly reports meet the audit findings. Staff cautioned that because last year’s audit was completed late, there likely was not enough time to correct all deficiencies, and some issues may reappear in this year’s audit. If so, officials said they expect to have roughly five to six months to address them once the current audit is finished.
Committee members asked whether the county’s prior engagement of outside help to set up QuickBooks in 2020 had resolved the issues; staff said it had not cleared all problems and further discussion would be needed. Miss Gemma asked whether a finance director would handle the monthly trust reports; staff said they did not know for certain and would take a look.
No formal motion or vote was recorded on the issue during the meeting. Officials said they would notify the board when the auditors complete their assessment and, depending on findings, the item could be placed on a future agenda for further information or action.
