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Examination on the City of Murray

Gronewold, Bell, Kyhnn & Co. P.C. CPAs (the examiners) have released an examination report on the City of Murray, Iowa for the period July 1, 2018 through June 30, 2019. The examination was performed pursuant to Chapter 11.6 of the Code of Iowa.

The examiners reported ten findings related to the City’s compliance with certain Code of Iowa requirements, internal control procedures, and receipt and disbursement of taxpayer funds. They are found on pages 4 through 6 of this report. The findings address issues such as a lack of segregation of duties, resolution of variances on monthly bank reconciliations, missing information in the City Council minutes, disbursements exceeding budgeted amounts and recording of interest income.

The City Council has a fiduciary responsibility to provide oversight of the City’s operations and financial transactions. Oversight is typically defined as the “watchful and responsible care” a governing body exercises in its fiduciary capacity.

A copy of the examination report is available for review in the City Clerk’s Office, in the office of the Auditor of State and on the Auditor of State’s web site at http://auditor.iowa.gov/reports/index.html.

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