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Stonecrest finance director flags audit as 'high risk,' says budget fixes posted
Summary
Finance Director Franklin told the Stonecrest Finance Committee her 30‑day scorecard rates audit status as 'high risk,' said a budget amendment has posted funds for several previously unfunded projects, and proposed project‑number tracking and stronger controls.
Finance Director Franklin told the Stonecrest Finance Committee on March 18 that the city's audit status is 'high risk,' while budget structure is 'moderate' and internal controls and transparency are 'improving.' Franklin presented a four‑criterion 30‑day scorecard and outlined immediate steps to address gaps.
Why it matters: Franklin said earlier approvals for capital projects in the 300 fund were not encumbered at fiscal year end, so funds did not roll forward. That created a shortfall for purchase orders and solicitations; a budget…
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