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Audit on track after auditor file corruption; commissioners press for clearer budget presentation
Summary
Finance Director Lisa Burnham told the commission a corrupted auditor file was fixed and the audit remains on track for the June 30 deadline; commissioners requested clearer separation of operating vs. non-operating lines and more detail on capital and transfer treatments.
Finance Director Lisa Burnham told the Finance Commission the June 30 audit deadline remains achievable after a brief issue with an auditors corrupted file was resolved. Commissioners used the presentation of the executive summary and schedules to press for formatting changes that would separate operating from non-operating items, place capital outlays and the 6% interfund transfers at the bottom of reports, and clarify any repeated capital project figures across statements.
Burnham agreed to break out capital outlays by fund and to reflect 6% transfers on a quarterly basis in the next report. The Commission also discussed how the upcoming ERP implementation will allow more granular, seasonal budgeting for enterprise funds such as Marina operations.
The meeting produced no formal audit-related votes; follow-up items include a more detailed financial schedule in the next quarter and staff briefings as the audit is finalized. The Commission agreed to invite the city actuary to a future meeting to present annual pension valuations.
