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Council hears fraud risk assessment; staff says score could reach "very low" with outstanding items
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Summary
City staff briefed council on the annual fraud risk assessment, reporting a current score of about 335 and saying the city could reach the very-low threshold (stated as 355) if outstanding ethical forms and minor items are completed; a hotline and other controls were highlighted.
At the June 18 meeting the Gunnison City Council heard a presentation on the city’s annual fraud risk assessment and internal controls.
Speaker 4 summarized the scoring framework and identified the city’s current score as about 335, with a target 'very low' threshold of 355 if outstanding items are completed. "Right now, we're sitting at 335. If we can get a few more things by the end of the month and get them in, we'll hit that 355," Speaker 4 said.
The presenter walked through assessment components: separation of duties, written policies including conflict-of-interest statements, the presence of a licensed or certified CPA for key functions, and missing ethical-behavior signature forms for several pool staff that were delaying points. Staff also reported that the city posted a fraud hotline on its website and credited that step for earning assessment points.
Council and staff discussed which assessment items are practical for a small municipality; staff said items that require a full additional audit or an external citizen committee were not appropriate for the city’s scale. Staff also noted an insurance benefit to a higher assessment score.
Council requested that remaining ethics forms be returned so the city can reach the higher score; staff indicated they will follow up with the departments and pool personnel.