The city of Roswell recently received its FY2011 Comprehensive Annual Financial Report and is working to reconcile problem areas, according to city staff.
Having undergone a thorough review by outside auditors Mauldin & Jenkins, the report reveals some issues with timeliness and accuracy. But, Roswell City Administrator Kay Love said some of the problems arose simply because financial ledger adjustments, including deposits and expenditures records, had yet to be finalized by the time auditors visited last August.
Auditors deemed those slow reconciliations a weak area for the city, causing city leaders to strategize a course of action to fix the problem, according to Love.
"City staff has responded to these findings, and the management points, stating what action the city has already taken and those processes that will be implemented," said Interim Finance Director David Delac during Monday's city council meeting.
Read the full FY2011 Comprehensive Annual Financial Report attached to this article and on the city's website for all the auditor's findings.