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Audit flags segregation-of-duties weaknesses, recommends budget updates to meet state rules
Summary
The 2024 audit for Lake Hallie identified inadequate segregation of duties—common in small municipalities—and recommended updating budget procedures to comply with state statutes; the minutes list these as reporting and insights from the audit.
The 2024 audit presented to the Village Board identified internal-control matters, including an inadequate segregation of duties that the audit described as common for a municipality of the village's size. The audit also recommended that the village update its budget requirements to meet state statutes.
The minutes present these findings as reporting and insights from the audit but do not record any formal board vote or directive in response. No implementation timeline or dollar amounts tied to corrective actions are provided in the minutes excerpt.
