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Administration reports Sandy City's annual fraud-risk score as 'on the cusp' of very low risk
Summary
Administrative Services presented the city's annual fraud-risk assessment, reporting a score of 355 out of 395 — described as on the cusp of the 'very low risk' category — and said the report is an informational item that will be forwarded to the state with the annual audit.
Brian Kelly, presenting the annual state fraud risk assessment that accompanies the city's audit, told the council Sandy's score this year was 355 out of a possible 395 and that the score places the city near the cutoff for the 'very low risk' band. "Our score this year is 3 55 out of a total possible of 3 95," Kelly said, adding that the assessment is signed by the CAO and included in the council packet and requires no council action tonight.
Kelly said the assessment is a routine reporting function tied to the city's annual audit and offered to answer any questions. Council members thanked Kelly for the presentation and noted no action was required; the item closed as informational.
