Title
Review of Miscellaneous Cash Receipts and Expenses (B)
Explanation
In accordance with our Annual Audit Plan, the City Auditor's Office has completed a Review of Miscellaneous Cash Receipts and Expenses. The primary objective of our audit was to provide reasonable assurance that cash receipts and expenses were accumulated in compliance with cash handling policies, rules, and procedures. During our review, we interviewed key personnel, analyzed operating data and evaluated management controls.
Based on the results of our review, we believe that opportunities exist for the Parks, Recreation and Cultural Affairs Department to strengthen the process of overseeing and accounting for Downtown Festival and Art Show revenues. Our report, which includes a response from the City Manager, is attached for your review. The report provides several recommendations related to improving controls over the process of accounting for and reconciling revenues received.
We request that the Committee recommend the City Commission accept our report and the City Manager's response. Also, in accordance with City Commission Resolution 970187, Section 10, Responsibilities for Follow-up on Audits, we request that the Committee recommend the City Commission instruct the City Auditor to conduct a follow-up review on recommendations made and report the results to the Audit, Finance and Legislative Committee.
Recommendation
The City Commission: 1) Accept the City Auditor's report and the response from the City Manager; and 2) instruct the City Auditor to conduct a follow-up review on recommendations made and report the results to the Audit, Finance and Legislative Committee.