Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Fiscal Stress Report topic
No spam. Unsubscribe anytime.
Commission hears fiscal stress update; Hopewell delinquent on several audits
Summary
Senior policy analyst Grace Wheaton told the Commission that the City of Hopewell has not submitted required annual audits for fiscal years 2017-18, 2018-19 and 2019-20; staff continues work on the Fiscal Stress Report.
Grace Wheaton, Senior Policy Analyst at the Virginia Department of Housing and Community Development, briefed the Commission on staff’s work preparing the Fiscal Stress Report and noted a specific compliance concern: the City of Hopewell is delinquent in filing annual audits for fiscal years 2017-18, 2018-19 and 2019-20.
Wheaton said staff is developing the Fiscal Stress Report using available audit data and follow-up where audits are missing or delinquent. She did not provide additional details about potential sanctions or next steps for Hopewell in this meeting; the update was procedural and served to inform the Commission of staff’s current findings.
The Commission did not take action on the Fiscal Stress Report at the July 8 meeting; Wheaton indicated staff will continue to collect records and incorporate findings into the report for future Commission review.
