Auditor of State Mary Mosiman released details of an agreed-upon procedures report on the city of LaMotte for the period Jan 1, 2017, through Dec. 31, 2017.
Mosiman recommended that the city review its control procedures to obtain the maximum internal control possible.
The city should also establish procedures to ensure bank and utility reconciliations are completed monthly and are independently reviewed, according to the report.
In addition, LaMotte should ensure the city’s annual financial report agrees to the city’s records.
A full copy of the report is available for review in the LaMotte City Clerk’s Office, in the Auditor of State’s Office, and on the Auditor of State’s web site at https://www.auditor.iowa.gov/reports/audit-reports/.
The agreed-upon procedures engagement was performed pursuant to Chapter 11.6 of the Code of Iowa, which states the financial condition and transactions of all cities and city offices, counties, and other agencies shall be examined at least once each year, except that cities having a population of 700 to 1,999, which are examined at least once every four years, and cities having a population of less than seven hundred may be examined as otherwise provided in this section.
The examination covers the fiscal year preceding the year in which the audit is conducted.