Audit Report
Received by Audit
Committee
Audit Report
Received by City
Council
Moss Adams Recommendations Did the
City
Agree?
Status Completion Date/
Estimated Completion Date
Accounting and Financial Reporting Yes Completed July 2023.
Accounts Payable Yes Completed April 2023.
Budgeting Yes Completed April 2023.
Capital Assets Yes Completed April 2023.
Cash Management Yes Completed April 2023.
Payroll and Timekeeping Yes Completed April 2023.
Procurement Yes Completed February 2024.
Revenue and Accounts Receivable Yes Completed April 2023.
Debt Management/Tax Bond Compliance Yes In progress Estimated completion September 30, 2024.
Gifts and Donations Yes Completed Estimated completion June 30, 2024.
Grant Management Yes Completed City Council adopted the Council Grants Policy on July 6, 2023.
Investment Management Yes Completed Adopted by Council on May 14, 2024.
Credit Cards Yes In progress Estimated completion September 30, 2024.
Revised policy currently in development.
Inventory Yes In progress Estimated completion September 30, 2024.
Initial review process began in January 2024.
Travel and Expense Reimbursement Yes In progress Estimated Completion September 30, 2024.
Implementation will occur in FY25 due to meet
and confer requirements with bargaining
units.
5/23/2022 7/19/2022
As of 7/19/2022
2022 Fiscal Policy Inventory & Gap Analysis Report
Update as of 6/2024
Update or Create Policies for the following areas:
High‐Risk Areas: Inherently high risk area where full or major gaps are identified and area is a high priority for the City's operations and structure
Medium‐Risk Areas: Inherently medium risk area where full or major gaps are identified and area is a high priority for the City's operations and structure
Low‐Risk Areas: Inherently low risk area where minor gaps are identified and area is a low priority for the City's operations and structure