Auditor of State Rob Sand, Monday (today) released an agreed-upon procedures report on the City of Casey, Iowa, for the period July 1, 2019 through June 30, 2020. Sand reported fifteen findings related to the receipt and disbursement of taxpayer funds. The findings address issues such as a lack of segregation of duties, the lack of independent reviews of bank reconciliations for all months, utility reconciliations not completed for all months, the lack of publishing City Council meeting minutes within fifteen days of the meeting, disbursements exceeding budgeted amounts, the lack of approval of journal entries, the lack of tracking the use of local option sales tax receipts, disbursements and unspent balances, payment of long-term debt from an incorrect fund, the lack of supervisory approval of time sheets and separately maintained fire department funds not included in the City’s financial records and monthly and annual financial reports.

Sand provided the City with recommendations to address each of the findings. Seven of the fifteen findings discussed above are repeated from the prior year. 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 web site at https://auditor.iowa.gov/audit-reports.