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City Receives Annual Audit Report

Posted: Monday, January 21st, 2013 at 6:14 am
Author: KCII News - Ben Stanton

The City of Washington has received its annual audit report for the fiscal year ending last summer. A representative from the firm that conducted the audited presented information gathered during the study of the city’s finances.

Among the findings was what the auditing firm describes as an improved financial situation with several of the city’s funds.  One criticism is a common one in smaller city governments that’s called segregation of duties.  Ideally, different people would be handling different aspects of the finances.  But with a relatively small staff, Washington and other cities its size have difficulty having enough people working for them to make that idea a reality.