Monday, May 21, 2018

Where's the 2017 Audit for Lake Worth?


Where's the audit that is produced by our External Auditors?

It seems to get later and later every year. Our fiscal year ended September 30, 2017.  So, how many months is that and we still don't have the audit?  What's  the hold-up? AGAIN?!

The external auditor just audits information provided to him/them  BY the city. They don't do any investigative work to see if the numbers jive but if they see any irregularities or illegal acts they will make a written report to the Finance Director. (We don't have a finance director yet!)

Last year's Audit found $7 million in questioned costs at Lake Worth Water Utility

It was reported by this blog over two years ago that the inspector General was investigating Lake Worth. At that time, the city manager Michael Bornstein gave an explanation as to why he didn't respond to the IG's survey of 2014: “I’m on my fourth finance director in 4½ years,” Bornstein said. “Organizationally, we’re still not where we need to be … but we’re improving.” It's amazing that we get so much bull.

The City has so much money to account for now with the General Obligation Bond and all the rest of the funky stuff like Siemens. Commissioner Maxwell doesn't like the word "transparency"...believes it's abused. Well, I can't find one audit on the city's web site for any year. Are you interested in the Audit, commissioners? And on top of that, there are no minutes this year for the Citizens Advisory Committee-Road bond, a committee that rarely meets to review all expenditures from the bond proceeds for improving local roadways

And where is our Internal Auditor? He's like a gossamer wing--unnoticeable. We never hear from this guy. And we still do not have a Finance Director so that makes it five directors Bornstein has lost? I wrote to the Assistant Finance Director to inquire about the Audit for 2017 and was told that it is not finalized yet.

6 comments:

  1. Audit of Lake Worth? Good luck

    ReplyDelete
  2. Why are they having so much trouble getting an audit out. It should have been out months ago I would think.

    ReplyDelete
  3. What's with Mike Bornstein? Is he fixing the roads?

    ReplyDelete
  4. So Lynn just curious why is it that in the CM time have we lost 4 Finance Directors, maybe he needs to look in the mirror. And that goes for the amount of changes in the Utility department as well, the past Directors/Managers did not agree with the CM on $ spending. Makes no sense to me Lynn

    ReplyDelete
  5. since he left, Lantana city officials have come to realize the gift LW gave them by hiring MB.

    ReplyDelete
  6. The zombies should do an audit of LW.

    ReplyDelete