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Holyoke officials report progress on multi‑year reconciliations, call audit work "time consuming"
Summary
City finance staff and outside auditors told the Finance Subcommittee they have reconciled FY2023 treasurer records to bank statements and are advancing work on FY2024–FY2025; staff described legacy issues (wires not on warrants, avoided checks, multiple GL systems) and automation steps being introduced in Munis.
City officials and outside consultants told the Holyoke City Council Finance Subcommittee that substantial progress is being made reconciling three years of city cash accounts, but the work remains time‑consuming and technical.
A written update from Clifton Larson Allen LLP, read into the record, said CLA’s work covers fiscal years 2023 through 2025 and that reconciliation of the treasurer’s cash book to bank statements for fiscal 2023 has been completed and turned over to the city’s external auditors. The memo also flagged thousands of reconciling items and the need for template and process…
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