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Forensic audit finds accounting errors in Lodi utility-deposit figures, recommends monthly reconciliation
Summary
An independent forensic audit found methodological errors in prior calculations of Lodi City’s utility-deposit balances, narrowing an apparent $1.2 million discrepancy to about $67,000 and recommending monthly reconciliations and tighter controls; the auditor also reported limited procedural issues with city CalCard/Amazon purchases.
Steve Hoslett, a forensic consultant contracted by the city, told the Lodi City Council on April 15 that earlier calculations overstated a discrepancy in the utility-deposit account because they excluded long-standing deposits and compared mismatched reporting dates.
Hoslett said a consultant’s earlier method compared a June 30, 2024 general ledger balance with a March 2025 deposits report that excluded deposits from 2018 and earlier, creating an erroneous gap. “They excluded $488,000 worth of deposits that should have been included,” he said, adding that timing differences accounted for roughly $200,000 more. After detailed testing and reconciliation work, Hoslett said the remaining…
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