COUNCIL APPROVES REQUESTS AND AUDIT RESULTS 4-20-16 LMS
This is the first year the Idaho Falls accounting firm of Searle, Hart and Associates has performed the City of Salmon’s annual audit. Searle, Hart and Associates partner, Certified Public Accountant Farrell Steiner, has informed the City Council that the books are clean and the city is in good financial shape.
Steiner had given a detailed report to the city’s Finance Team on April 13 and gave the full council an overview of the report at its April 20 meeting. The report contains a Management Report with graphs which show yearly trends.
He said the Management Letters Fraud Risk Assessment is an overall statement which recommended the city develop processes for identifying and responding to risks of fraud and also determine which balances and transactions are susceptible to risks. Steiner said no areas were noted but it’s always good to double check potential risks. He also explained how recent changes in accounting standards by the Public Employee Retirement System (PERSI) Fund will affect bookkeeping. There are six pages of footnotes related to the employee pension plans and he those recommended as a good starting place for those wishing to better understand the system.
Steiner said the Government Accountability Office (GAO shows no violations and that there are no red flags in the city’s General Fund trends which have been steady for years.
The council unanimously approved the audit. By mid-May the audit will be available for review on the city’s website which is www.cityofsalmon.com under the City Department heading of Finance.
The council also unanimously approved a special use permit for the Moonlight 5K Run/Walk on Saturday, June 18, from 9:30 to 11:30AM. The event is sponsored by Hope’s Place.
Another special event permit request came from the Salmon River Days Committee. During discussion of the request the question was asked if electricity will be needed and the answer was ‘yes.’ Before the vote on the permit request was taken Councilman Jim Bockelman commented that the event, to be located between VanDreff and River Streets, will be blocking off a major downtown parking space. The council approved the request unanimously.
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