City’s Audit Triggers Standard State Letter
The city of Ann Arbor’s FY 2013 audit report – which received an “unmodified” or clean opinion from the firm that conducted the audit – has triggered a standard letter from the office of the State of Michigan Department of Treasury. The letter, dated Nov. 22, 2013 and received by the city on Dec. 4, resulted from a note in the audit report on the city’s local street fund.
According to city of Ann Arbor CFO Tom Crawford, the city’s response to the letter would not require any city council action. The city staff would be explaining to the state how the city’s internal financial procedures mitigate against what Crawford characterized as a “minor issue.”
A note in the city’s own audit report called … [Full Story]