Washington Evening Journal

Fairfield Ledger   Mt. Pleasant News
Neighbors Growing Together | Oct 22, 2017

Full financial audit requested for Riverside

By Xiomara Levsen | Jan 08, 2014
Bob Schneider Jr.

RIVERSIDE—A request was made to have a full financial audit done on the city’s books at the city council meeting
During the meeting on Monday, Jan. 6, councilor Bob Schneider Jr. made a motion for a full financial audit to be done. The full financial audit would help the city figure out where the balances for the city’s funds stand and would let the auditor get the city headed in the right direction, Schneider said.
Councilor Chris Kirkwood asked the council to vote on the request that evening or wait until the cost estimate comes back from the state auditor’s office. City administrator Rusty Rogerson said the state auditor’s office had not given the city a cost estimate yet. He told Kirkwood the city council could always turn it down if they thought it was too much.
“That’s for the fiscal year of 2012 to 2013?” Kirkwood asked.
Rogerson said this was correct. The council passed the motion unanimously.
Since the city has asked for a full financial audit, Washington County Attorney Larry Brock said he will have to wait for those findings to come out when making a decision about whether or not charges should be pressed.
“We’re probably not going to do anything until the full financial audit is done,” Brock said. “I do have some questions about who was responsible for certain transactions and who authorized those transactions.”
A copy of the special investigations audit was sent to the Attorney General’s office and the Department of Criminal Investigation (DCI), according to the press release from the state auditor’s office. Brock has been in contact with both of those offices and said his office would have jurisdiction.
“I contacted DCI before the request for the full financial audit was made by the city,” Brock said. “They haven’t gotten back to me yet. I talked to the attorney general’s office and they said they would assist us if we need it.”
According to the Iowa State Auditor’s Web site, cities with populations less than 2,000 are required only to have periodic/annual examinations because of the Municipal Oversight Law passed during the state legislative session in 2012. Riverside has a population of 993 people and is listed on the Web site of just needing an annual audit. The law also says annual audits and when they’re done is based on budget expenditures.
State Auditor Mary Mosiman wasn’t available to discuss the request from the city for the full financial audit at press time.

Comments (0)
If you wish to comment, please login.