Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit topic
No spam. Unsubscribe anytime.
King City council approves corrective action plan after annual audit
Summary
Following an audit presentation, the council adopted a corrective action plan addressing recurring bank reconciliation timing and grant documentation practices and approved the management‑letter response unanimously.
An independent auditor presented the city's financial statement audit for the fiscal year ended June 30, 2025, and council unanimously approved a corrective action plan responding to the management letter on June 17. "Outside of that, no large issues encountered during the audit," audit manager Dave said during his presentation, summarizing that the city had only a few recurring items that staff were addressing.
The management letter recommended stronger secondary review procedures for journal entries, printed or archived email approvals for grant reimbursements and clarified accounting for compensated absences. Staff described the city's current secondary‑approval workflow (one staff member creates entries, a second reviews and approves, with email records retained) and said many items have already been corrected as of April 2026. Council approved Resolution R2026‑05 directing the corrective steps; the roll call recorded unanimous approval (7–0).
