City audit highlights stability

City audit highlights stability

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Excelsior Springs received a clean federal compliance result and steady core fund metrics in its fiscal 2022 audit, with auditors noting no single-audit findings and continued work to tighten internal controls.Finance Director Vonda Floyd introduced auditors who presented the city’s audit. Forvis Partner Jacob Penman outlined the scope, saying the city’s federal spending triggered a compliance review.“The good thing, as it relates to the single audit, there were no compliance- related findings around your grant fund,” stated Penman.Penman noted the engagement covered a full financial statement audit and a compliance audit tied to roughly $1.4 million in federal expenditures, including coronavirus fiscal recovery funds and infrastructure investments. He described testing of procurement, period of performance and eligibility and said any noncompliance would have been brought forward that night. He also explained the team?...

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