Auditor of State Rob Sand today released an agreed-upon procedures report on the city of Sully, Iowa for the period July 1, 202 through June 30,2021.

Sand reported five findings related to the receipt and disbursement of taxpayer funds.

The findings address issues such as lack of segregation of duties, a deficit in  the special revenue, tax increment financing fund, disbursements exceeding budgeted amounts, and business transactions that may represent conflicts of interest.

Sand provided the city with recommendations to address each of the findings.

The city council has a fiduciary responsibility to provide oversight of the city’s operations and financial transactions.

A copy of the agreed-upon procedures report is available for review upon the auditor of state’s web site at auditor.iowa.gov/audit-reports.