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County adopts corrective action plan after financial-management audit; board to update administrative code
Summary
In response to a state financial-management audit, the board adopted a corrective action plan and agreed to update the administrative code to require multiyear financial and capital planning rather than treating them as best practices.
Staff presented a corrective action plan responding to a state financial-management audit that criticized reserve levels and fund-balance practices. The plan included policy modifications that staff said reflect the comptroller's findings and proposed updating the administrative code to require multiyear financial and capital planning.
A board member voiced frustration with the comptroller's report, calling it "kind of hypocritical," and members debated budgeting conservatively versus underestimating revenues. The board moved, seconded and approved the corrective action plan; staff said they will bring an administrative-code amendment to require formal multiyear planning rather than leaving it as guidance.
The transcript records the item as adopted by voice vote; specific code language and an implementation timetable were not included in the meeting minutes.
