Government : Iowa Auditor's office releases report on the City of Atkins

Auditor of State Rob Sand today released a report on the City of Atkins for the year ended June 30, 2023. A copy of this report is available at https://www.auditor.iowa.gov/reports/file/78058.pdf or it can be seen below.

Sand reported eighteen findings related to the receipt and disbursement of taxpayer funds. They are found on pages 48 through 59 of this report. The findings address issues such as the lack of segregation of duties, the lack of bank and utility reconciliations, disbursements exceeding budgeted amounts, a deficit balance in the Enterprise, Water Fund and errors in tax increment financing. Sand provided the City with recommendations to address each of these findings.

Sixteen of the 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.