3900 Main Street, Riverside, CA 92522 | Phone: (951) 826-5553 | Fax: (951) 826-5470 | RiversideCA.gov
FINANCE
CITY OF RIVERSIDE
CORRECTIVE ACTION PLAN
YEAR ENDED JUNE 30, 2025
The City of Riverside respectfully submits the following corrective action plan for the year ended June 30, 2025.
Audit period: July 1, 2024 - June 30, 2025
The findings from the schedule of findings and quest ioned costs are discussed below. The findings are numbered consistently with the numbers assigned in the schedule.
FINDINGS—FINANCIAL STATEMENT AUDIT
MATERIAL WEAKNESS
2025-001 Prior Period Adjustment
Recommendation: We recommend that the City improve internal controls over year end close by assigning additional accounting resources to assist with the review of account schedules.
Explanation of disagreement with audit finding: There is no disagreement with the audit finding.
Action taken in response to finding: Management concurs with the finding. The matters noted relate to legacy accounting practices associated with deposits and construction in progress. The Finance Department has implemented new accounting procedures to enhance the accuracy of accounting records. Additionally, Finance is in the process of hiring experienced staff to support increasing reporting requirements and ongoing organizational needs.
Name of the contact person responsible for corrective action: Julie Nemes Planned completion date for corrective action plan: 4/30/2026