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State audit finds three minor issues; Utah Lake Authority staff outline corrections and tighter bookkeeping
Summary
The authority's annual state audit identified three issues — an incorrect year-end balance, a fiscal-year transaction posted to the wrong year and late filing of compensation data — and staff described corrective steps including contracting Paramount/QuickBooks and tighter procedures.
The Utah Lake Authority’s annual audit, conducted by the state auditor’s office, identified three findings the authority classified as minor. Sam (interim finance lead) briefed the board on corrective steps and said the audit committee was satisfied with the response.
According to staff, the audit noted: (1) an incorrectly reported fiscal year-end balance in…
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