Prairie City audit

Roof, Gerdes, Erlbacher, PLC released an agreed-upon procedures report on the City of Prairie City, for the period July 1, 2022 through June 30, 2023. The agreed-upon procedures engagement was performed pursuant to Chapter 11.6 of the Code oflowa.

Roof, Gerdes, Erlbacher, PLC reported seventeen findings related to the receipt and disbursement of taxpayer funds. They are found on pages 9 through 13 of this report. The findings address issues such as a lack of segregation of duties, bank reconciliation issues, concerns with the City Council minutes and excessive tax increment financing fund balances. Roof, Gerdes, Erlbacher, PLC provided the City with recommendations to address each of the findings.

Thirteen of the 17 findings discussed above are repeated from the prior year. The City Council has a fiduciary responsibility to provide oversight of the City’s operations and financial transactions. Oversight is typically defined as the “watchful and responsible care” a governing body exercises in its fiduciary capacity.

A copy of the agreed-upon procedures rep01i is available for review on the Auditor of State’s website at Audit Reports - Auditor of State.