DES MOINES, IOWA (September 19, 2024) — Auditor of State Rob Sand today released an agreed-upon procedures report on the City of Elma, Iowa, for the period July 1, 2021 through June 30, 2022. The agreed-upon procedures engagement was performed pursuant to Chapter 11.6 of the Code of Iowa.
Auditor Sand reported twenty-two findings related to the receipt and disbursement of tax-payer funds. They are found on pages nine through fourteen of this report.
The findings address issues such as a lack of segregation of duties, the lack of utility reconciliations, disbursements exceeding budgeted amounts, and separately-maintained records of a City Department and Committee.
Auditor Sand provided the City with recommendations to address each of the findings.
The City Council has a fiduciary responsibility to provide oversight of the City’s operations and financial transactions.
Oversight is typically defined as the “watchful and responsible care” a governing body exercises in its fiduciary capacity.
A copy of the agreed-upon procedures report is available for review on the Auditor of State’s website at Auditor Reports — Auditor of State.