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State fraud-risk assessment shows Panguitch scored 320 of 395; form flags controls and training items
Summary
A Utah State Auditor fraud-risk form in the council packet shows Panguitch earned 320 of 395 points (placing it in the assessment's 'Low' risk band); the form lists CAO/City Manager Mat Houston and CFO/Treasurer Carla Farnsworth and includes a separation-of-duties checklist.
A Utah State Auditor fraud-risk assessment included in the June 23 meeting packet shows Panguitch City scored 320 out of a possible 395 points for the fiscal year ending 2024.
The assessment form lists completion date 3/3/2026 and names Mat Houston (listed as CAO/City Manager on the form) and Carla Farnsworth (CFO/Treasurer). According to the form’s scoring bands, a 320 places the city in the assessment’s "Low" risk category (the form identifies higher and lower bands on the page).
The packet includes a related Basic Separation of Duties checklist that asks whether the entity separates cash-handling, ledger-entry and purchasing authorities and whether bank statements and credit-card statements are independently reviewed. The form indicates checks on a range of internal-control topics—written policies on conflict of interest, procurement, ethics, fraud reporting, travel and IT security are enumerated on the assessment checklist.
The materials in the packet are summary-level assessment tools used by the state auditor’s office and do not themselves constitute an audit report or a forensic finding; the document in the packet records a score and checklist responses but does not in the provided transcript include an accompanying staff presentation, council discussion, or proposed corrective actions.
