(Des Moines) – Auditor of State Rob Sand today (Tuesday) released an agreed-upon procedures report on the City of Walnut, Iowa, for the period July 1, 2019 through June 30, 2020. The agreed-upon procedures engagement was performed pursuant to the Code of Iowa. Sand reported eight findings related to the receipt and disbursement of taxpayer funds. They are found on pages 7 through 9 of the report.

The findings address issues such as a lack of segregation of duties, the lack of a depository resolution, utility bill forgiveness in violation of Chapter 388.6 of the Code of Iowa, and disbursements exceeding budgeted amounts. Sand provided the City with recommendations to address each of the findings.

Seven of the eight 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.