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The original item was published from 12/7/2016 9:40:58 AM to 2/1/2017 12:05:01 AM.

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Posted on: December 7, 2016

[ARCHIVED] City Gets “Clean” Audit

The accounting firm conducting the annual independent audits for the City of Brookings and its Urban Renewal Agency has issued an  “unqualified opinion” which means there were no exceptions, findings, or questioned costs for the fiscal year ending June 30, 2016.

The audits will be on the December 12, 2016, City Council agenda, and are available for public inspection at City Hall and on the City’s website at, http://www.brookings.or.us/ArchiveCenter/ViewFile/Item/522 and http://www.brookings.or.us/ArchiveCenter/ViewFile/Item/523

Boldt, Carlisle & Smith LLC (BCS) completed the audits and issued the “unqualified opinion.”  The City has received an “unqualified opinion”…also commonly referred to as a “clean audit”… every year for at least a decade, according to City Manager Gary Milliman

“The audit looks at various aspects of the City’s financial management system,” Milliman said.  “This includes the design, implementation and maintenance of internal controls to prevent fraud and material errors.”

“An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial transactions,” according to Bradley Bingenheimer of BCS.  “In our opinion, the financial statements present fairly, in all material respects, the respective financial position of the governmental activities, the business-like activities, each major fund, the respective changes in financial position, cash flows and the budgetary comparisons for the General and Street Funds in accordance with accounting principles generally accepted in the United States.”

“In short, this means that the City has shown evidence of operating its financial transactions in a sound manner,” Milliman said.

Milliman commended Finance and Human Resources Director Janell Howard for her work in managing the City’s financial affairs.  “All of the employees of that Department, as well as employees in all other departments who have a role in a City financial transaction…such as making purchases in accordance with City policies and procedures…have contributed,” Milliman said.

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