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Fayetteville internal audit reports improved inventory controls, flags obsolete materials for disposal
Summary
Internal audit reported no issues with the retirement savings plan review, described new inventory-count controls that reduced water/sewer variance to about 0.5%, and said it will follow up on long-held items like unused sewer pipe to determine disposal or reuse.
An internal audit update to Fayetteville City officials covered completed reviews and inventory-control improvements and identified follow-up tasks for obsolete or low-use materials.
The internal auditor said they completed a detailed retirement savings plan review and reconciliation and found no reportable issues. "I took my time with that one because I hadn't done a retirement review like that," the auditor said, adding the next…
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