Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
City hires consultant to review finances and internal controls; budget workshops planned
Summary
Wes Bennett of Exos briefed the board on a 90–120 day review of accounts payable, revenue sources, internal controls and chart-of-accounts cleanup and said budget workshops with department heads and the board will be scheduled.
Wes Bennett, a public-sector consultant with Exos, told the Alexandria Board of Works that he is conducting a review of the city’s financial controls and budget processes and will work with the mayor, clerk/treasurer and department heads over the next 90 to 120 days.
Bennett said the review covers accounts payable, revenue-source reviews, spending policies, chart of accounts, cash-handling procedures, bank reconciliations and requisition processes. "We're going to be... reviewing all expenditures. We're reviewing all sources of revenue... basically the whole budget process from start to finish," he said.
He said budget workshops will be scheduled with department heads first and then with the board, and that the city is considering a software upgrade and transition of financial systems to the cloud. Bennett also mentioned upcoming work on capital-asset records to prepare for 2027.
Council members thanked Bennett for the report; Bennett said he will be in person for at least one meeting a month and available online for others. No binding financial actions were taken at the meeting; the sessions described are planning and review steps.
