Finding Text
Sound internal controls over disbursement of funds is pertinent to ensure that disbursements are compliance with applicable federal laws and regulations. During our testing, we noted that the Village did not seem to have a process in place to document approval of disbursements paid with federal funds. Disbursements appear to have been reviewed by the Village’s engineering consultant and were paid by the Fiscal Officer, but there was not sufficient evidence that disbursements were reviewed and approved or accepted by Council. We recommend that the Village adopt proper control procedures to ensure that all disbursements, including those paid for with federal funds, are reviewed and approved by Council, and that such review and approval be sufficiently documented.