“The airport collects most of its monies from the rental of its facilities and from fuel sales. Documentation supporting these collections was inadequate to determine the amount of monies which should have been collected and deposited to the airport bank account.”
The audit recommended airport personnel perform monthly bank reconciliations, maintain a ledger documenting petty cash fund activities, assure all fuel is accounted for properly and rent and fuel sales money are properly collected and deposited.
The audit questioned the lack of reports due to the city to ensure funds are accounted for properly and contractual requirements are met. The audit questioned the lack of reports from the Centerville Community School District and the Appanoose County Railroad to show how they are spending the Local Option Sales and Service Tax monies they receive from the city.
“The agreements with these entities require these entities account for the local option sales tax monies they receive from the City,” states the audit.
The audit recommended procedures be put into place to ensure all reports are filed to the city.
The audit criticized the city for a $400,000 street reconstruction project where no public hearing was held and sealed bids were not obtained.
The audit recommended the city follow Iowa code in relation to applicable construction projects.
The audit noted the city overpaid a construction contractor by approximately $46,000. The audit recommendation was for the city to seek reimbursement for the overpayment, which it did and was corrected in fiscal year 2013.