September 9, 2024
To: Stockton Audit Committee
From: Moss Adams LLP
Subject: FY 24-25 Internal Audit Program Addition
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City management requested Internal Audit to add an additional project to the FY 24-25 work plan for Audit Committee consideration.
R
eview the process for and conduct testing of the use of Council discretionary funds: Based on recent FWA reports, City management requested an internal audit to review Council discretionary funds. The scope of work will discretionary fund policies and procedures, and the extent to which reimbursements comply with City guidance, reviews, and approvals. a. S
cope:
• Policy and Procedures surrounding Council discretionary fund usage and approval.
We will compare policy and procedures to best practices. • Reimbursement requests, including the appropriateness of transactions, review, and approval processes
b. Budget: $30,000
c. Timeline: 6-8 weeks
Attachment A