TOWN OF NEWLAND November 2024 Board Meeting

Board of Aldermen of the Town of Newland · November 6, 2024

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Audit report: budget violations and material weaknesses

Presentation

2:14 → 11:26(9m 12s)

A presenter (speaker 2) reviewed the towns 06/30/2023 audit, saying auditors found budgetary violations in the general fund (overrun ~$25,002), public safety (over ~$72,000), water and sewer administration (over ~$59,000) and debt service (~$2,200). The presenter said the unassigned general fund balance was $896,003.47 (a one-year decrease of $109,001.59) and identified material weaknesses including lack of segregation of duties and late submission of the audit to the Local Government Commission (submitted 09/12/2024; due 10/31/2023). The presenter stated the board and staff must respond to L

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A Newland board meeting in November 2024 covered the town's 2023 audit (including budgetary violations and material weaknesses), several governance items (a deputy finance officer resolution, procurement and grant ordinances, and a donation ratification), a FEMA briefing on disaster assistance and debris removal, infrastructure damage reports, and a heated public-comment exchange about an ordinance on chickens that the board tabled for a future public hearing.

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No transcript available.