Finding 569184 (2023-003)

Material Weakness Repeat Finding
Requirement
B
Questioned Costs
-
Year
2023
Accepted
2025-06-30
Audit: 360783
Organization: City of Neptune Beach (FL)
Auditor: Purvis Gray & CO

AI Summary

  • Core Issue: The CFO did not sign payroll reports for 18 out of 26 pay periods, indicating a lack of review.
  • Impacted Requirements: This affects compliance with internal controls over payroll and financial reporting, increasing the risk of errors or fraud.
  • Recommended Follow-Up: Ensure all payroll reports are reviewed and signed; establish a backup reviewer for when the primary reviewer is unavailable.

Finding Text

Condition- One of the City's key controls over payroll is for the Chief Financial Officer (CFO) to review the payroll bank transfer against the payroll register to ensure what was drawn from the bank matches the payroll reports for each pay period and to sign the reports to document this review and approval. During our testing of payroll controls we noted 18 out of 26 pay periods for which there was no signature on the payroll reports documenting this review took place. Additionally, for 30 out of 40 paychecks tested, documentation of proper approval of pay rates could not be located. Finally, for 3 out of 40 paychecks tested, documentation of proper approval of timesheets could not be located. Effect- Although we did not note any actual discrepancies in payroll batch totals, pay rates or timecard hours, a lack of a review of payroll documentation could result in erroneous or fraudulent payments that are not prevented or detected and corrected on a timely basis. Since this process is also signficant to the single audit major program, this finding is applied to internal control over compliance for the major program, under the Uniform Guidance, as well as internal control over financial reporting in accordance with Government Auditing Standards. Recommendation- We recommend that the payroll approval process be followed for all pay periods and that contingencies be established to determine a backup reviewer for each payroll control in the event that the primary reviewer is unavailable to review a particular pay period.

Corrective Action Plan

Management agrees with the recommendation and recognizes that consistent review of the payroll processing is critical to minimize the risk of material mistakes that may lead to economic loss. On the last quarter of FY 2023-2024, management acquired and deployed new payroll processing software and started to process payroll in the first period of FY 2023-2024. In addition, new policies and procedures have been implemented to ensure that payroll reports are reviewed and approved by the CFO, delegated employee, or other City official in the even there is a gap in the Chief Financial Officer position.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1145626 2023-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $3.19M