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State auditor releases procedures report on the City of Oxford

OXFORD– Auditor of State Mary Mosiman released an agreed-upon procedures report on the City of Oxford for the period July 1, 2013, through June 30, 2014. The agreed-upon procedures engagement was performed pursuant to Chapter 11.6 of the Code of Iowa.
Mosiman recommended the City review its control procedures to obtain the maximum internal control possible, including an independent review of bank reconciliations. The City should establish procedures to reconcile utility billings, collections and delinquent accounts for each billing period and should ensure financial activity and balances of all City accounts, including the Oxford Fire Department and the Oxford Public Library, are included in the City’s accounting records. In addition, the City should amend the budget before disbursements exceed budgeted amounts by function and publish City Council meeting minutes as required by the Code of Iowa.
A copy of the agreed-upon procedures report is available for review in the City Clerk’s Office, in the Office of Auditor of State and on the Auditor of State’s web site at http://auditor.iowa.gov/reports/1421-0486-BL0F.pdf.