Auditors give city good marks
The City of Eunice entered the current fiscal year on July 1 with $4.7 million cash on hand and another $300,000 in money due it.
According to the audit report given the City Council on Tuesday night, the city received $1.3 million more in the 12 months ending June 30 than it spent, growing its fund balances by about 40 percent in that period.
Steve Dischler, representing Darnall, Sikes, Gardes & Frederick, said the city was in good financial condition for the audit period, though he cautioned that changing economic conditions in the current fiscal year pose challenges for all public entities just as they do for private ones.
He pointed out auditors found three significant deficiencies, all carrying over from the previous year’s analysis and noted two others had been resolved.
The city does not have enough accounting personnel to properly segregate accounting functions, a finding that doesn’t appear to have a likely solution.
Auditors noted again that four checking accounts and the activity of them are not recorded within the the city’s central system and should be. The city responded they will be.
An open receivable report for sewer and gas accounts was not provided and bad debts were not recorded at year’s end. The city told auditors that will be corrected.
The city since the last audit has created off-site storage of backup computer tapes and created a system to prevent payroll checks being written to terminated employes.