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Live Oak council orders RFP for third-party audit after $450,000 loss
Summary
Council members pressed staff for a third-party review of finance policies and procedures after discussing an apparent $450,000 loss. Council Member Robinson moved to issue an RFP for an auditing firm to examine internal controls; the motion was seconded and the council carried the measure by voice vote.
Council Member Robinson urged the city to follow through on a prior directive to have an outside firm review finance policies after a reported $450,000 loss. “This started in February when we had $450,000 that was taken from us,” Robinson said, adding investigations have involved state and federal law enforcement.
A staff member told the council, “The audit was a clean audit.” Robinson said the clean audit finding did not end the council’s…
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