Finding 1214930 (2025-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2026-05-19
Audit: 401700
Organization: CITY OF SILVER LAKE (MN)

AI Summary

  • Answer: Management acknowledges that maintaining proper segregation of duties is not cost-effective for the City.
  • Trend: This reflects a broader trend of prioritizing cost efficiency over strict compliance in operational practices.
  • List: Follow up on alternative measures to mitigate risks associated with inadequate segregation of duties.

Finding Text

Views of Responsible Officials and Planned Corrective Actions: Management agrees with the recommendation that it is not cost effective for the City to maintain proper segregation of duties.

Corrective Action Plan

Segregation of Duties

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1214927 2025-001
    Material Weakness Repeat
  • 1214928 2025-001
    Material Weakness Repeat
  • 1214929 2025-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.760 WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES $6.27M
10.766 COMMUNITY FACILITIES LOANS AND GRANTS $1.36M