Report No. 2011-06
February 2011
Complete Report
Findings in the audit of the Seventh Judicial Circuit, City of Holt Municipal Division
Segregation of Duties
Accounting duties are not segregated, and a documented supervisory review of accounting records is not performed, making it difficult to ensure transactions are properly recorded and assets are safeguarded.
Additional Comments
We evaluated the municipal division's internal controls over significant financial functions, including receipt and disbursement procedures, and its compliance with certain legal provisions, including rules governing fines, costs, and bonds. For the areas audited, no significant deficiencies, other than those noted above, were identified.
In the areas audited, the overall performance of this entity was Fair.*
American Recovery and Reinvestment Act of 2009 (Federal Stimulus)
The Seventh Judicial Circuit, City of Holt Municipal Division did not receive any federal stimulus monies during the audited time period.
*The rating(s) cover only audited areas and do not reflect an opinion on the overall operation of the entity. Within that context, the rating scale indicates the following:
Excellent:
The audit results indicate this entity is very well managed. The report contains no findings. In addition, if applicable, prior recommendations have been implemented.
Good:
The audit results indicate this entity is well managed. The report contains few findings, and the entity has indicated most or all recommendations have already been, or will be, implemented. In addition, if applicable, many of the prior recommendations have been implemented.
Fair:
The audit results indicate this entity needs to improve operations in several areas. The report contains several findings, or one or more findings that require management's immediate attention, and/or the entity has indicated several recommendations will not be implemented. In addition, if applicable, several prior recommendations have not been implemented.
Poor:
The audit results indicate this entity needs to significantly improve operations. The report contains numerous findings that require management's immediate attention, and/or the entity has indicated most recommendations will not be implemented. In addition, if applicable, most prior recommendations have not been implemented.
Complete Audit Report
Missouri State Auditor's Office
moaudit@auditor.mo.gov
