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Agenda Item: 16 |
Prepared By: Sharon Dangles, Controller and Acting Director |
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Business: City Council Item |
Department: Finance |
Subject:
Title
Update of Corrective Action Plan - Sharon Dangles, Controller & Interim Director, Finance Department
Body
BACKGROUND:
CliftonLarsonAllen LLP audited the financial statements of the City of Marco Island for the fiscal year ended September 30,2024. The report was issued dated June 26, 2025. The auditors found four material weaknesses, which need to be addressed by the Finance Director with a completion date of September 30, 2025.
Financial Statement Reported Findings
2024-01 Grant Accounting and Reporting compliance
2024-02 Audit Adjustments
Single Audit Results
2024-03 Disaster Grant Public Assistance review and approval process
2024-04 Statewide Water Quality Restoration Projects compliance
FUNDING SOURCE / FISCAL IMPACT: N/A
RECOMMENDATION: Review presentation on how the Finance Department will strengthen its compliance, review, and approval processes.
POTENTIAL MOTION: N/A