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Council adopts FY24 audit action plan after staff commits to timely reconciliations
Summary
Finance staff told council the FY24 audit found two recurring weaknesses (slow reconciliations and late financial statements); council unanimously approved an action plan to transmit the audit to the Oregon Secretary of State and continue steps to catch up.
The Sweet Home City Council voted unanimously to adopt the Fiscal Year 2024 audit action plan after Finance Director Brown told the council the audit identified two recurring weaknesses: delayed reconciliations and late submission of financial statements. Brown said staff expects the issues to resolve as accounting gets current and that the approved action plan will be sent to the Secretary of State.
"The audit for fiscal year 24 is now completed...Within that audit are two items that require council action," Brown told the council, explaining that the weaknesses have appeared on prior audits and should diminish as staff works to get current. Councilor comments during the meeting acknowledged the work and thanked staff: "Thank you so much for that report, and thank you to you and to Cindy for all the hard work you guys have put in to try and catching us up," the mayor said.
The council voted to adopt the action plan and transmit the audit as required; the motion passed with five yes votes recorded during the action (no nays). The action will begin the city's formal transmission of the audit documents to state authorities and set staff on the schedule to commence FY25 work in two to three weeks, according to Brown.
