WS - C - City of Tiffin 2024 - Auditor's Report - Final

City of Tiffin Schedule of Findings and Responses Other Findings Related to Statutory Reporting (Continued) Recommendation: The City should ensure the amounts reported on the Levy Authority Summary agree with the City's records. Views of Responsible Officials: The City will ensure the Levy Authority Summary agrees with City records in the future. Conclusion: Response accepted. 24-IV-L – Unclaimed Property Chapter 556.11 of the Code of Iowa requires each City to report and remit obligations, including checks outstanding for more than two years to the Office of Treasurer of State annually. The City's list of outstanding checks includes checks outstanding over two years. Recommendation: Outstanding checks should be reviewed annually and items over two years old should be remitted to the Office of Treasurer of State, as required. Views of Responsible Officials: We will implement the procedures necessary to comply with the Code requirements. Conclusion: Response accepted. 24-IV-M – Interfund Transfers Section 545-2 of the Iowa Administrative Code states "A fund transfer resolution must be completed for all transfers between funds and must include a clear statement of reason or purpose for the transfer, the name of the fund from which the transfer is originating, the name of the fund into which the transfer is to be received, and the dollar amount to be transferred." During the year ended June 30, 2024, there was an instance of transfers not being approved by resolution. Recommendation: The City Council should comply with the Iowa Administrative Code and ensure all transfers are approved by resolution, as required. Views of Responsible Officials: We will implement the procedures necessary to comply with the Code requirements. Conclusion: Response accepted. 47