City Council Work Session 7/13/26 Audit Presentation

The City Council Work Session of the City of Seward on July 13, 2026, featured a detailed audit presentation by the auditing firm Alman Rogers and Company. The auditors reviewed the city's financial statements for the year ending December 31, 2025, highlighting an unmodified opinion indicating the financial statements were materially correct. Key procurement-related discussions included internal control testing over cash disbursements, payroll, credit card transactions, and utility billing, with a noted finding of a utility billing error that was identified and corrected by management. The audit also covered budget variances, capital asset accounting practices, and the city's financial position across governmental and enterprise funds. The council discussed concerns about future financial stability, particularly regarding capital projects such as the pool and middle school, and emphasized the importance of learning from past audit findings to avoid repeating mistakes. The auditors confirmed ongoing procedures to ensure capital expenditures are properly recorded and that internal controls are effective. The presentation concluded with plans to provide a consolidated, user-friendly financial report for public dissemination and an invitation for further questions from council members.