GARLAND — Despite having a small amount of staff to handle responsibilities, financial consultants were pleased with the town’s management of finances.
Thompson, Price, Scott, Adams & Co., completed a 2014-2015 audit with good results for the town of Garland. The accountant said it was a pleasure watching the town grow through its financial process during the past three years. Some of the responsibilities of the auditors is to express opinions on financial matters, accounting procedures or misstatements. During the report, Scott commended commissioners and Town Clerk/Finance Officer Pamela Cashwell for their work on balancing financial matters.
“There were no unusual practices, we’re glad to say,” officials said in regards to the report.
Under the cash analysis report, the general fund and business-type funds increased in 2015. Water fund revenues were close to $300,000 and expenditures were a little over $200,000. The fees came from water sales, sewer charges, late fees, reconnect fees and other miscellaneous sources. Auditors also noted that it was important to have reserves since grants are drying up.
Reports showed that the total fund balance was close to $350,000. The total was a major improvement from the 2012 amount, which was a little over $150,000.
While presenting the internal control related matters, a significant deficiency identified included the segregation of duties among town personnel. As a result of Garland’s small size, there’s a limited amount of workers to handle certain functions throughout town.
According to the report, duties should separated to provide assurance that transactions are handled appropriately. Not doing may result in transactions being mishandled. Town officials are aware of the issue, but hiring more staff is not feasible for a town of Garland’s size.
“Management will request board members’ continued involvement by providing additional oversight,” the report stated.
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