A resolution was passed at the regular Manchester Board of Aldermen meeting on Sept. 3 regarding internal control policies.
Director of Finance Donald Yucuis previously reviewed the policy on May 3 with Mollie Malone, partner with Stopp and Vanhoy, CPAs and financial advisors, during the 2018 audit process. Yucius presented the audit to the board on June 17, and then to the audit and finance committee on Aug. 1 for their review and consideration.
For a number of years, audit reports have recommended the implementation of reconciling and closing procedures and documentation of internal controls and accounting procedures, which would include manuals and guides for the city to follow. Those would remain constant even with personnel changes.
The unanimously approved internal control resolution addresses the process for assuring an organization’s objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.