Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Internal audit flags fleet accounting and inventory issues; fleet management outlines fixes
Summary
An internal audit found asset-allocation errors (~$1.3M misallocated), P-card transactions exceeding the $10,000 single-transaction limit in two instances, and reconciliation gaps; fleet leadership said errors were identified earlier, corrective steps and hiring for inventory management are planned and accounting corrections are ongoing.
The Finance Committee received an internal-audit update and a fleet services audit presentation (item 26) on Dec. 1. The audit identified several control weaknesses and areas for improvement in fleet operations and accounting.
Cola, presenting the internal audit findings, said auditors found: (1) allocation of vehicle acquisition costs that expanded approximately $1,300,000 to the fire apparatus project between 2020 and 2024; (2) two 2024 P‑card…
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
