Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Quanah hires virtual CFO services and authorizes forensic/annual-audit steps
Summary
The council approved a $3,000-per-month contract with Zacttax to complete bank reconciliations and provide virtual CFO services to enable the city's annual audit and strengthen budgeting and cash-flow projection capacity.
Council approved contracting with Zacttax (transcribed in the record) for bank reconciliations and virtual CFO services at $3,000 per month to help complete the 2025 reconciliations and enable the annual audit. The administrator said the forensic auditors cannot complete the annual audit at the same time and the virtual CFO will provide monthly reporting, budget assistance and cash-flow projections.
Councilmembers questioned whether the contractor is familiar with the city's accounting software and whether the cost is comparable to hiring internal staff. Kevin (city administration) said the service is similar to an employee and will be valuable in producing an audit-ready accounting system and budget. The motion carried by voice vote.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
