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Loose Board reviews 2023 financial audit, acknowledges receipt
Summary
The Board heard a presentation of the 2023 audit from outside auditors, questioned past cash payments, employee bonuses and unapproved leases, and unanimously acknowledged receipt of the audit after staff and the auditor explained timing and procedures.
The Loose Board of Directors heard a presentation of the 2023 financial audit at its Aug. 26 meeting and voted to acknowledge receipt. Auditor Robert Klaczkiewicz of Smith & Klaczkiewicz, PC joined via Zoom to review the report and explain findings related to historical cash payments, prior employee bonuses, county grant reimbursements and equipment leases that lacked previous Board approval.
Board members and staff questioned the audit about past cash payments and how unapproved leases and previously recorded bonuses were handled under prior staff and directors. Klaczkiewicz discussed the audit process and timing. A member of the public asked why the audit took eight months to complete; City Manager Ellen Glass and Klaczkiewicz explained that the audit is an annual process and described reasons for the presentation timing in August.
After the discussion President Danielle Cusson moved and Pamela Howd seconded a motion to acknowledge receipt of the audit; the Board approved the motion on a 7-0 roll-call vote.
