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Council adopts internal finance policies after State Board of Accounts audit
Summary
Following repeat audit findings, Clerk Treasurer Liz Modesto presented seven corrective‑action policies that the State Board of Accounts approved; the council adopted the resolution to codify those procedures and improve internal controls.
The Portage City Council on July 6 adopted Resolution 26‑12, which formalizes seven internal finance policies developed in response to repeat findings in a recent State Board of Accounts audit.
Clerk Treasurer Liz Modesto told the council the state auditors cited seven repeat noncompliance findings and that her office, department heads, the city attorney and the State Board of Accounts worked for several months to draft corrective‑action plans. The policies cover annual finance reporting, bank reconciliations, disclosure of activities, management of overdrawn cash balances, payroll activities, grant (SEFA) reporting and other internal controls. Modesto said the state board approved the corrective plans and recommended bringing them before the fiscal body so the council can enforce citywide standards.
Council members expressed support for adopting formal procedures to ensure departments follow consistent practices and to make future audits smoother. A motion to adopt the resolution passed by voice vote.
Modesto noted the policies are intended to align daily practice with state audit expectations and to clarify departmental responsibilities for compliance and reporting.
