A town auditor reports that one employee still handles all cash receipts start to finish, an internal-control weakness residents rely on to prevent funds from going unaccounted for.
June 30, 2025: Audit finding 2025-1: significant deficiency due to inadequate segregation of duties over cash receipts
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The story
A 2025 audit of the Town of Tallulah Falls reports that a prior finding from 2024 on inadequate segregation of duties has not been corrected.
The same audit lists a new, related finding for 2025: a significant deficiency because one individual is responsible for initiating, authorizing, recording, and processing cash receipt transactions for the town's various funds.
What happened
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Response/Status: Not corrected. See current year financial audit 2025-1.
one individual is responsible for the initiation, authorization, recording, and processing of cash receipt transactions for the various funds of the Town
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