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Finance director outlines audit progress, HRA claims and budget pressures
Summary
Finance staff reported the '24 audit is complete, a single audit remains, and HRA year-to-date claims total about $665,000 of a $1.15 million budget; council members pressed for clearer posting of debt service, impacts of a BAN-to-WAFIA loan conversion and next steps to address reconciliations and staffing.
Finance speaker Chuck (speaker 1) told the council the '24 audit is complete, a single audit remains pending, and staff hope to finish outstanding reconciliations within a month. He summarized HRA and claims activity: year‑to‑date HRA spending of about $665,000 against a $1,150,000 budget (roughly 57%), and multi‑month runout where April HRA payments totaled $70,427 with pharmaceutical and medical claims carrying a two‑to‑four month runout.
Chuck also described a timing impact after converting a BAN to a WAFIA loan: a previously overlooked $72,000 payment timing shift that will require attention in the near term. Council members pressed staff about posting delays in Munis and asked for clearer schedules for upcoming debt service and the city's response to the '24 audit. Chuck and other staff said they have prepared written responses to the auditor and that consulting assistance (BST) will help close remaining gaps.
Council members emphasized the need for transparent monthly reporting and a timeline for hiring or replacing finance personnel; staff said BST's initial work will inform what further hires or changes are necessary.
