Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council presses staff on delayed financial and utility reports, seeks timeline and safeguards
Summary
Councilmembers demanded a timeline and fixes after months of delayed and inaccurate financial reporting; city manager and finance staff outlined causes, consultant support and cross-training plans.
Lago Vista councilmembers pressed city staff on March 6 over a months-long lapse in routine financial reporting and utility reports, demanding a timeline and steps to prevent future gaps.
At a work-session-style discussion, Councilmember Benfield said the city’s “most sacred responsibility” is stewardship of taxpayer dollars and asked five specific questions about causes, corrective actions, current status, timeline to catch up and staff accountability. Interim staff and the city manager described staffing turnover in finance, a merchant-processing change that complicated reconciliations, and resignation of the prior CFO. The city retained a finance consultant to help reconcile records and prepare unaudited fiscal-year-end statements.
What staff told…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
