Morgan's Point Resort officials cite FundView conversion errors that delayed audits and underreported water and marina revenue
Finance staff told the council that a November 2024 conversion to the FundView financial system produced billing and reporting errors that postponed completion of the 2023–24 audit (now tentatively due by March) and may have truncated large customers' water usage. Council discussed options to fund extra audit work to comply with Senate Bill 1851.
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Mary, the city's finance director, told the council a major update: “This past Friday, we were notified that the audit is tentatively scheduled to be may be completed by March.” She said the 2024–25 audit cannot start until auditors finish the 2023–24 review.
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