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Committee recommends updated internal control manual after audit progress update
Summary
Finance reported auditors are wrapping up capital-asset reconciliations and the committee voted 3–0 to recommend the updated internal control manual to the Board of Mayor and Aldermen. The manual clarifies separation of duties, bank reconciliation practices, and reassigns grant oversight roles.
The Spring Hill Budget and Finance Committee voted to recommend an updated internal control manual to the Board of Mayor and Aldermen after a finance staff update on the city audit and policy changes.
Ms. Holden told the committee that auditors have been working through capital-asset reconciliations; she said auditors recently reported difficulty tying some capital numbers, so she spent extra time reconciling those items and expected auditors to…
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