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Village audit finds ~ $40,000 in receipts misposted; reallocations pending
Summary
Assistant Clerk-Treasurer Jenny Lauer told council an independent 2023–2024 audit found receipts estimated near $40,000 that were posted to the general account and need to be redistributed to the Sunswim Pool and Street Maintenance accounts once the audit completes.
Assistant Clerk-Treasurer Jenny Lauer told the Prospect Village Council the independent CPA conducting the 2023–2024 audit identified receipts estimated near $40,000 that were incorrectly posted to the Prospect General Account.
Lauer said the figure is an estimate and that the exact amounts and required accounting entries will be determined after the audit is finished; she told council the amounts will need to be correctly distributed between the Sunswim Pool account and the Street Maintenance account. Council did not make any reallocations at the meeting and recorded no vote on the audit finding.
