The Clinton Herald, Clinton, Iowa

Clinton

June 28, 2012

‘Clean’ audit issued for gaming board

CLINTON — The Clinton County Development Association received a “clean” audit this year, but the group will be paying more attention to further internal controls following a suggestion from the organization’s 2011 financial audit.

Jill VanRoekel from Winkel, Parker & Foster, PC, presented the audited 2011 financial statements to the CCDA on Wednesday. She said the audit received a clean, unqualified opinion.

“It is the best opinion you can receive,” she said. “We don’t issue an opinion on internal controls, but do want to bring to the attention.”

The controls are routine procedures used to ensure money is being handled properly.

The CCDA is responsible for more than a million dollars in grants and scholarships from Iowa gaming facilities revenue, which is distributed twice a year through two gaming funds. The Fund A grants and scholarships have already been awarded. The Fund B applications are due July 10.

One section VanRoekel focused on was the need for duties to be segregated.

“You obviously have a small number of people employed in administration functions which makes it hard to ideally segregate duties,” VanRoekel said.

The first means of segregating duties VanRoekel suggested was modifying the bank reconciliation process.

The audit noted that bank reconciliations are prepared on a monthly basis but there’s no formal review process. According to VanRoekel, the CCDA could tighten their controls by having another person with the proper skill set review the documents and sign off on them.

“It’s a good place to see if there’s something going on that you wouldn’t be aware of,” VanRoekel said.

The second means of strengthening internal controls VanRoekel suggested was instituting a system to monitor transfers made monthly from the organization’s money market to the checking account to cover expenses.

“We recommend somebody approve those or sometimes if a transfer is initiated maybe an e-mail be sent to somebody else other than who made it because those transfers can be rather large,” VanRoekel said.

Additional suggestions offered by the audit included having accounts payable checks mailed by a person other than the one who prepares them.

While there is an authorized signer separate from the preparer, a third person could be inserted in the process, VanRoekel said.

Finally, financial journal entries should be more closely monitored.

“With one person having a lot of control over the general ledger they could manipulate that quite a bit,” VanRoekel said.

After VanRoekel delivered the audit, CCDA vice-president Tom Fullerton suggested a committee fix some of the internal control gaps WFP reported.

“Let’s...see how we can close some of these doors. It sounds like other non-profits have found a way to do it using board leadership,” Fullerton said.

1
Text Only
Clinton
  • 4-23-14 Northey Burkens committed to ag education CLINTON -- As the Iowa Secretary of Agriculture, Bill Northey said his department doesn't hand out the Good Farm Neighbor Award arbitrarily. Only 10 acknowledgements are bestowed each year. On Wednesday, the honor went to a worthy family in Clinton C

    April 24, 2014 2 Photos

  • Evers: For love of the green CLINTON - Conner Evers calls The Oaks Golf Course his home. There isn't a day where Evers won't visit the golf course on the city's west side. "I spend a lot of time here," Evers said with a laugh. "This is my second home. I love golf, and there's no

    April 24, 2014

  • World Book Night 1 Clinton Public Library hosts largest World Book Night event in the country

    CLINTON -- With more than 21 titles and 800 copies to give away, what reader wouldn't adore an event like World Book Night? Organizers at the Clinton Public Library wondered the same Wednesday, and were pleased with turnout for the third annual event

    April 24, 2014 1 Photo

  • LumberKings score bizarre run CLINTON -- Rain was the only thing that could have saved the Clinton LumberKings from losing Wednesday to Quad Cities 7-1. The run that the LumberKings got, however, came on a bizarre play. In the bottom of the first inning, Tyler O'Neill singled o

    April 24, 2014

  • 4-24-14 1B-Photo, Drake story Youngsters take on oval

    CLINTON -- One of the biggest track meets in the nation begins today, and the youngsters will kick off the event at Drake University in Des Moines. The high school portion of the Drake Relays begins at 3 p.m. with the field events, and Clinton senior

    April 24, 2014 2 Photos

  • City Blog: Council amenable to tree-saving route

    Pershing or Roosevelt? Councilmembers leaning toward more expensive, but more "green" alternative for force main construction.

    April 23, 2014

  • Man charged in meth case

    A Clinton man has been charged with conspiracy to manufacture methamphetamine and possession of methamphetamine.

    Timothy W. Atkinson, 35, 1419 Honey Lane, was arrested Sunday after Clinton police executed a search warrant at his residence.

    April 23, 2014

  • Judge denies guilty plea withdrawal

    A Clinton County District Court judge has denied a man's attempt at withdrawing a guilty plea.

    Eric R. Hook, 45, 900 S. 10th St., was sentenced last week to no more than five years in prison for willful injury causing bodily injury, a class D felony. He also was given a sentence of no more than two years in prison for domestic abuse assault, second offense, to be served concurrently.

    April 23, 2014

  • Medication drop boxes available

    Although no formal event is planned in Clinton County for Saturday’s nationwide Medication Take Back Day, area officials are reminding residents this week about permanent drop boxes at area law enforcement agencies.
    Unused or expired medications can be disposed of during normal business hours in the lobbies of four police departments in Clinton County — Camanche Police Department, 819 South Washington Blvd.; Clinton County Sheriff’s office, 241 Seventh Ave. North; Clinton Police Department, 116 Sixth Ave. South; DeWitt Police Department, 606 Ninth St.

    April 23, 2014

  • Legal Services photo New legal services agreement proceeds CLINTON - By one vote, the Clinton City Council voted for Lynch Dallas over local firm Frey, Haufe and Current as its next city attorney service. On Tuesday, in a show of solidarity, the council was unanimous, officially hiring the Cedar Rapids group

    April 23, 2014 1 Photo

Clinton Herald Photos


Browse, buy and submit pictures with our photo site.

Facebook