FAC Explorer

Finding 1152365 (2024-005)

-
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-09-09
Audit: 365853
Organization: City of College Park, Georgia (GA)
Auditor: Banks Finley White & CO – Certified Public Accountants

AI Summary

  • Answer: The financial statement close and reporting process needs improvement to ensure accuracy and timeliness.
  • Trend: Recent audits show recurring delays and discrepancies in financial reporting, impacting overall reliability.
  • List: Recommended follow-up includes reviewing current procedures, enhancing staff training, and implementing a checklist for closing activities.

Finding Text

Financial Statement Close and Reporting Process

Categories

Reporting

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
20.205 Highway Planning and Construction $2.20M
16.710 Public Safety Partnership and Community Policing Grants $251,739
66.818 Brownfields Multipurpose, Assessment, Revolving Loan Fund, and Cleanup Cooperative Agreements $89,768
14.218 Community Development Block Grants/entitlement Grants $26,545