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CITY OF LAKE ELMO, MINNESOTA <br />CORRECTIVE ACTION PLANS <br />FOR THE YEAR ENDED DECEMBER 31, 2024 <br /> <br /> <br />138 <br />FINANCIAL STATEMENT FINDINGS IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS <br /> <br />Finding 2024-001 Limited Segregation of Duties <br /> <br />1. Explanation of Disagreement with Audit Finding <br />There is no disagreement with the audit finding. <br /> <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 /> <br />3. Official Responsible <br />Nicole Miller, City Administrator, is the official responsible for ensuring corrective action. <br /> <br />4. Planned Completion Date <br />December 31, 2025. <br /> <br />5. Plan to Monitor Completion <br /> The City Council will be monitoring this Corrective Action Plan.