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CITY AGAIN EARNS “LOW RISK” AUDIT DESIGNATION
Auditors from the
The audit was performed to determine the City’s compliance with requirements applicable to its federal financial assistance programs and to evaluate the internal controls over financial reporting and compliance with City, state, and federal laws and regulations.
Mary Pat Waterhouse, director of the Department of Budget and Fiscal Services, said, “Designation as a low-risk auditee is a significant achievement. Federal guidelines provide for the designation only when municipal or state governments receive unqualified opinions and no significant findings related to internal controls or federal program compliance for two consecutive years.”
The mayor added, “This designation was achieved through the hard work and dedication of many City employees, particularly in the departments of Budget and Fiscal Services, Community Services, Transportation Services, Environmental Services, and Emergency Management. We have a top-notch City team, and the outcome reflects their professionalism and integrity.”
Bill Brennan, 527-6928
|Wednesday, March 19, 2008|