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Overbrook engages CPA for quarterly verification and notes some negative fund balances
Summary
Council accepted the treasurer's report, agreed to CPA Bryan Nyp verifying items quarterly, and authorized staff to correct fund balances provided budget authority is not exceeded.
The city accepted the treasurer’s report at the Dec. 11 meeting and agreed on a process to have CPA Bryan Nyp verify financial items on a quarterly basis.
City Clerk Jim Koger reviewed year‑to‑date reconciliations and fund numbers and noted several funds with negative balances. Council voted to approve the treasurer’s report (motion by Kyle Maichel, seconded by Matt Craig; passed 5‑0) and separately authorized staff to correct fund balances as needed so long as corrections do not exceed budget authority (motion by Hanna Smith, seconded by Cheryl Miller; passed 5‑0).
Council recorded that Mike Britt from Jayhawk support previously recommended keeping certain fund balances negative until year end. The CPA engagement is intended to provide an added layer of verification for fund reconciliations going forward.
