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Finance committee: audit findings down from 87 in 2019 to one; committee recommends annual FCAP updates
Summary
The Finance Governance Committee received an update on the Financial Corrective Action Plan and voted 3-0 to forward the update to City Council, with staff proposing annual rather than biannual reports after sustained progress that reduced 87 findings in 2019 to one current IT-related finding.
The Finance Governance Committee on Dec. 10 voted unanimously to forward to the City Council an update on the citys Financial Corrective Action Plan (FCAP), after hearing that outstanding audit findings have fallen substantially since 2019.
Jennifer, a finance department staff member who presented the update, told the committee: "In 2019, there were 87 outstanding findings. At this point, we have 1 outstanding finding." She said the remaining finding is IT-related and comprises multiple parts that are being addressed; she estimated that it…
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