Title
Presentation of Special Audit Report
Body
Issue/Request:
The special audit of the City's procurement practices performed by RubinBrown LLC is complete and the report will be presented to the City Council.
Background:
The City engaged RubinBrown LLC to perform a special audit of the City's procurement practices.
The objective of the Audit is to:
• Assess the City’s internal controls over purchasing and accounts payable processes to determine controls are in place and operating effectively.
• Identify and assess existing purchase card policies and practices for effectiveness.
• Perform forensic data analyses on disbursements data, including purchase card activity, and provide results to the City.
• Provide a summary of our assessment of the existing internal controls, including recommendations to improve adherence to best practices.