FAC Explorer

Finding 1241802 (2025-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2025
Accepted
2026-11-07
Audit: 415780
Organization: CINCINNATI CITY HALL (IA)
Auditor: AUDITOR OF STATE

AI Summary

  • Answer: One person manages multiple financial areas for the City, creating a risk of errors or fraud.
  • Trend: Centralized control over cash, debt, receipts, and disbursements is not aligned with best practices for financial oversight.
  • List: Recommend implementing checks and balances by separating duties in cash handling, debt management, and transaction processing.

Finding Text

One individual in the City has control over each of the following areas for the City: Cash – handling, reconciling and recording. Long-term debt – recordkeeping, compliance and debt payment processing. Receipts – opening mail, collecting, depositing, recording, reconciling and posting. Disbursements – purchasing, invoice processing, check writing, mailing, reconciling and recording.

Corrective Action Plan

The City is reviewing procedures to determine how to achieve maximum segregation of duties.

Categories

No categories assigned yet.

Programs in Audit

ALN Program Name Expenditures
10.760 WATER AND WASTE DISPOSAL SYSTEMS FOR RURAL COMMUNITIES $1.64M