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Fort Worth audit committee hears three audit reports; city auditor flags control weaknesses and plans intranet tracker
Summary
City Auditor Patrice Randall told the Audit and Finance Committee that three recent audits and a data analysis report found generally compliant contracting but isolated control weaknesses at the Fort Worth Housing Finance Corp, documentation gaps in housing-support expenditures, manual processes in parks’ tree mitigation, and follow-up steps on unpaid hotel occupancy taxes; the committee approved minutes and adjourned.
At its meeting, the Audit and Finance Committee heard from City Auditor Patrice Randall, who said, "Since the last audit committee meeting, we've released 3 audit reports and 1 data analysis report." Randall summarized key findings and recommended follow-up steps.
The city-hall contracting audit found contractors generally complied with contract requirements, with the exception of "some minor insurance noncompliance issues," Randall said. The Fort Worth Housing Finance Corp audit showed appropriate review and approval of expenses overall but identified control weaknesses, including transactions approved under a generic user ID that made it impossible to trace the individual approver and confirm segregation of duties.
Auditors also reported documentation gaps for some housing-support expenditures. Randall said that in certain cases records did not show…
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