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Audit committee presses treasurer over reconciliations, lockbox and staffing; appoints Marina interim CFO
Summary
The Isle of Wight County Audit Committee voted to appoint Marina as interim CFO and pressed the treasurer on delayed system postings, bank-reconciliation workflows, lockbox vendor problems and staffing gaps that could affect the FY '25 audit.
The Isle of Wight County Audit Committee on the recorded meeting examined the county's audit readiness, questioned the treasurer about outstanding bank-reconciliation postings and vendor payment problems, and appointed Marina as the interim chief financial officer.
Chair Rountree opened the meeting by thanking Stephanie Wells for her years of service and noting her recent move to a role with the City of Suffolk. The committee then heard from Treasurer Sly, who said she had answered most of the committee's written questions but did not plan to take bank reconciliations fully back into the treasurer's office "at this time," citing a prior board resolution and current staffing limits.
Treasurer Sly described a workflow in which…
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