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• <br />• <br />• <br />1) either confirm that there was nothing technically improper with the 2004 <br />accounting of expenses, based on the City Auditor's opinion, or further <br />investigate this issue in order to make a determination. If the Council wishes to <br />modify the 2004 financial records to account for these types of expenditures <br />differently than what occurred, staff needs to be directed to make such <br />modifications. It is staff's recommendation that any modification of the 2004 <br />financial records be done only after consultation with the City Auditor regarding <br />such modification to ensure that Generally Accepted Accounting Principles are <br />being adhered to, <br />2) provide direction to staff as to how similar expenses are to be accounted for in <br />2005, and have the City Auditor review and comment on the proposed accounting <br />for compliance with Generally Accepted Accounting Principles. <br />2 <br />