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Council hears fraud-risk assessment; city close to top score pending outstanding ethics forms
Summary
City staff reported the municipality scored 335 on an annual fraud-risk questionnaire and said submitting a few outstanding ethics/behavior forms could raise the score to 355, which would be unusually high among peer cities.
City staff briefed the Gunnison City Council on the annual fraud-risk assessment and identified a small set of outstanding items that, if completed, would raise the city's score.
A staff member told the council the city's current score is 335 and that completing a few administrative items — primarily missing ethical-behavior forms from pool staff — could push the score to 355. The assessment scores separation of duties, written policies, certified financial personnel and other controls.
Staff described other items that already contributed points: the presence of a certified or licensed CPA on staff, college-level accounting qualifications and the establishment of a fraud hotline promoted on the city's website. Two items on the assessment (an annual third-party CPA audit of city staff work and a citizen oversight committee) were described as not applicable or impractical for a city of Gunnison's size.
Council members asked whether outstanding forms could be signed at the meeting; staff said the remaining forms are held by a small number of pool staff and that the city would collect them to qualify for the higher score. Staff noted that attaining the higher score could reduce insurance rates because the trust or insurer considers the fraud-risk rating.
No formal action was taken; council members directed staff to continue collecting outstanding forms and to proceed with the steps identified in the assessment packet.
