Village of Avon - Board Oversights and Professional Services (2018M-30)

Issued Date
May 18, 2018

[read complete report - pdf]

Audit Objective

Determine whether the Board provided adequate financial oversight.

Determine if the Village obtained proposals and executed and monitored contracts for professional services.

Key Findings

  • The Treasurer inaccurately recorded capital reserves and operating fund expenditures and the Board inappropriately authorized the use of capital reserve funds for non-capital expenditures.
  • Professional service contracts lack RFPs and contracts are not monitored.

Key Recommendations

  • Account for capital reserves and all operating expenditures in appropriate operating funds and use capital reserves for authorized capital purposes.
  • Use RFPs and require and monitor written contracts for professional services.

Village officials generally agreed with our recommendations and indicated they plan to initiate corrective action.