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McLean board asked for follow-up on Fund Balance, IT security and capital policies
Summary
At the March 24 audit meeting, the board was urged to reassess the Fund Balance Policy and IT security; the audit manager was asked to send an email to President Biehl outlining Fund Balance, Capital Depreciation, and Investment policy considerations, and President Biehl asked members to consolidate questions to Treasurer Marcy Seeman.
Board members raised procedural and policy follow-ups after the audit presentation, focusing on whether the Fund Balance Policy would withstand future shocks and the need to "continue to reevaluate" IT security and awareness processes. The audit manager was asked to send an email to President Biehl summarizing concerns and to include notes on Capital Depreciation and Investment policy for the board to review.
President Biehl also instructed trustees to forward any questions through Treasurer Marcy Seeman using a single consolidated email so no inquiries are missed. Trustee Kirby flagged a line in the binder that listed property taxes "based on Lake County," which the record identifies as a typographical error; staff were directed to correct such items and clarify the record.
