Natick town finances in excellent order
The financial team of Natick was recently praised by an independent auditor, adding some recommendations on improvements the town can make.
According to Chris Rogers, an independent auditor, the audit report is very clean. In a management letter, the auditors outlined recommendations for developing an information technology strategic plan and hiring a company to test the security of the town’s IT system by hacking into it.
Another recommendation was that the town create and implement a program of risk assessment, which would periodically anticipate, identify, analyze, and manage the risk of misappropriation of assets. There should be formal documentation regarding this program and be incorporated in the policies and procedures manuals of the town.
Work has already begun on this recommendation by staff members of the town and some processes have already been changed.
Jeff Towne, Deputy Town Administrator, added that financial assets as well as parts, equipment and vehicles, are part of this recommendation and so it would take quite some time to accomplish. Rogers replied that it only means that the processes are not documented, not that safeguards are not in place, and that he understands that this is something which evolves over time.
The town may want to use various printing services in putting together documentation to implement these recommendations and perhaps distribute them to the community.
According to Chris Rogers, an independent auditor, the audit report is very clean. In a management letter, the auditors outlined recommendations for developing an information technology strategic plan and hiring a company to test the security of the town’s IT system by hacking into it.
Another recommendation was that the town create and implement a program of risk assessment, which would periodically anticipate, identify, analyze, and manage the risk of misappropriation of assets. There should be formal documentation regarding this program and be incorporated in the policies and procedures manuals of the town.
Work has already begun on this recommendation by staff members of the town and some processes have already been changed.
Jeff Towne, Deputy Town Administrator, added that financial assets as well as parts, equipment and vehicles, are part of this recommendation and so it would take quite some time to accomplish. Rogers replied that it only means that the processes are not documented, not that safeguards are not in place, and that he understands that this is something which evolves over time.
The town may want to use various printing services in putting together documentation to implement these recommendations and perhaps distribute them to the community.