Laserfiche WebLink
-t <br />� � HYlrAfu�. <br />-...---- <br />Corrective Action Plan <br />Year Ended September 30, 2020 <br />FINDING/RECOMMENDATION <br />2020-01 Internal Controls Related to Bank Reconciliations <br />Recommendation: We recommend the City of Paris perform bank reconciliations addressing all outstanding <br />items and that management review and approve reconciliations monthly. Any reconciling items should be <br />investigated and corrected in a timely manner. <br />Response: The City will investigate any reconciling items during the monthly reconciliation process. <br />Monthly reconciliations will be reviewed and approved by management. <br />Contact Person: Gene Anderson, Finance Director <br />Estimated Completion Date: September 30, 2021 <br />FINDING/RECOMMENDATION <br />2020-02 Internal Controls Related to Calculation of Employee Insurance <br />Recommendation: We recommend the City of Paris designate spreadsheet preparers and separate reviewers <br />to ensure the accuracy of the amounts used in calculations. <br />Response: The City will designate an individual to review data contained in spreadsheet. <br />Contact Person: Gene Anderson, Finance Director <br />Estimated Completion Date: September 30, 2021 <br />2020-03 Financial Accounting and Reporting <br />Recommendation: We recommend the management of the City of Paris, Texas maintain close oversight of <br />the accounting and period -end financial reporting process. <br />Response: The City's management agrees to maintain close oversight of the accounting and period -end <br />financial reporting process. <br />Contact Person: Gene Anderson, Finance Director <br />Estimated Completion Date: September 30, 2021 <br />127 <br />P.O. BOX 9037 • PARIS, TEXAS 75461-9037 r (903) 785-7511 r FAX (903) 785-8519 <br />