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CITY OF LAKE ELMO, MINNESOTA <br />CORRECTIVE ACTION PLANS <br />FOR THE YEAR ENDED DECEMBER 31, 2023 <br />136 <br />FINANCIAL STATEMENT FINDINGS IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS <br />Finding 2023-001 Limited Segregation of Duties <br />1.Explanation of Disagreement with Audit Finding <br />There is no disagreement with the audit finding. <br />2.Actions Planned in Response to Finding <br />The City will review and evaluate current processes, procedures, and employee roles within the Finance Department. <br />To the extent possible, the City will implement additional controls to mitigate the lack of segregation of duties. <br />3.Official Responsible <br />Nicole Miller, City Administrator, is the official responsible for ensuring corrective action. <br />4.Planned Completion Date <br />December 31, 2024. <br />5.Plan to Monitor Completion <br />The City Council will be monitoring this Corrective Action Plan.