06.30.20 Management Letter City of Adrian

Summary

The audit of the City of Adrian, Missouri's financial statements for the year ended June 30, 2020, identified opportunities for strengthening internal controls and operating efficiency. The audit noted excessive bank accounts, outstanding checks, late bank transfers, and issues with the Water Depreciation and Replacement Account. The report recommends pooling funds, reviewing outstanding checks, and setting up automatic debit for recurring payments. The audit did not express an opinion on the effectiveness of internal controls but provided suggestions for improvement.

Details

Subject

City of Adrian, Missouri financial audit

Summary

The audit of the City of Adrian, Missouri's financial statements for the year ended June 30, 2020, identified opportunities for strengthening internal controls and operating efficiency. The audit noted excessive bank accounts, outstanding checks, late bank transfers, and issues with the Water Depreciation and Replacement Account. The report recommends pooling funds, reviewing outstanding checks, and setting up automatic debit for recurring payments. The audit did not express an opinion on the effectiveness of internal controls but provided suggestions for improvement.

Report Date

2022-11-18

Report Type

audit

Report Title

Management Letter

Authoring Body

Certified Public Accountants, D SW

Reporting Period

July 1, 2019, to June 30, 2020