By JoEllen Black/Richmond News
The city of Richmond again received good marks on its financial audit, compiled and presented by Westbrook & Co. at the Feb. 12 meeting. CPA Rita Russell gave a brief presentation to the council. She worked closely with City Administrator Ron Brohammer and Finance Director Rebecca Hoeflicker with obtaining accounting records, saying “they (the records) were in excellent shape.”
“The financial portion of the city increased to $1.2 million – an excellent performance from the city,” Russell said, adding it was the same increase as the previous year.
Russell said the city’s budgeting was accurate.
“The financial statement at the end of September was pretty much where we ended up. The numbers were accurate, and it shows you’re making sound decisions,” she said.
Russell only pointed out one “picky” area in the audit – a lack of segregation of duties for utility bills, property tax, license payments – which solely goes through the collector’s office. The audit points out it could cause errors or fraud to occur, either of which could go undetected. This area has been in many previous audits.
“There are no discrepancies (in funds),” Russell said. “There are control weaknesses.”
A remedy is for the city to create two distinct and separate offices – one for billing and one for collections.
“We had another good year and I’d like to thank the work of the council and the staff,” Mayor Mike Wright said after Russell’s comments.