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Council accepts PARC Tax review and adopts clarifying policy amendments
Summary
The Council accepted Larson & Company’s agreed-upon procedures for the PARC Tax award year (no findings) and approved amendments to PARC Tax policies and procedures previously discussed in workshop; Council emphasized accountability for grant expenditures.
Finance Director Anna Montoya presented the agreed-upon procedures review of PARC Tax expenditures for the 2024 award year (funds spent in FY 2025). Auditor Khulene Ann Gallo of Larson & Company reported no findings for Fiscal Year 2025 and said prior-year control deficiencies appear to have been corrected.
Council members asked whether safeguards exist to recover funds if an entity spent PARC Tax dollars on ineligible items; Montoya said such expenditures would be identified by the review and the entity would be required to return the funds. The Council voted unanimously to accept the PARC Tax report and subsequently approved a resolution adopting amendments to the PARC Tax policies and procedures that had been reviewed at a prior workshop.
