Lake Champlain-Lake George Regional Planning Board - Governance Over Loan Operations (2019M-25)

Issued Date
September 13, 2019

[read complete report - pdf]

Audit Objective

Determine whether the Board provided adequate oversight of the revolving loan program.

Key Findings

  • The Lake Champlain-Lake George Regional Planning Board (RPB) did not monitor its loan program.
  • Delinquent loans were not properly enforced.

Key Recommendations

  • Ensure that the Director and Loan Committee prepare loan status reports for the Board.
  • Ensure that loans are properly enforced.

Regional Planning Board officials generally agreed with our recommendations and have initiated, or indicated they planned to initiate corrective action.