Martens & Company, CPA, LLP released an agreed-upon procedures engagement report on the City of Baxter 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 of Iowa.
Martens & Company, CPA, LLP reported three findings related to the receipt and disbursement of taxpayer funds. They are found on pages 8 and 9 of this report. The findings address issues such as segregation of duties, business transactions and certified budget.
Two of the three findings discussed above is repeated from the prior year. The City Council has fiduciary responsibility to provide oversight of the City’s operation and financial transactions. Oversight is typically defined as the “watchful and responsible care governing body exercises in its fiduciary capacity.”
A copy of the agreed-upon procedures report is available for review on the Auditor of State’s website at https://auditor.iowa.gov/audit-reports.