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CITY OF MOUNDS VIEW <br />Schedule of Findings and Responses (continued) <br />Year Ended December 31, 2023 <br />B. MINNESOTA LEGAL COMPLIANCE FINDINGS <br />2023-002 Claims and Disbursements <br />Criteria — Minnesota Statutes § 471.425, Subd. 2. <br />Condition — Minnesota Statutes require prompt payment of local government bills within a <br />standard payment period of 35 days from the receipt of goods and services for governing <br />boards that meet at least once a month. If such obligations are not paid within the appropriate <br />time period, local governments must pay interest on the unpaid obligations at the rate of <br />1.5 percent per month or part of a month. Of the disbursements tested, 5 of 40 disbursements <br />were not paid within the statutory time limit. <br />Questioned Costs — Not applicable. <br />Context — Of the disbursements tested, 5 of 40 disbursements were not in compliance. <br />Repeat Finding — This is a current year and prior year finding. <br />Cause — This was an oversight by city personnel. <br />Effect — Certain payments made to vendors were not paid within the timeframe as required <br />by state statutes. <br />Recommendation — We recommend that the City review claims and disbursements payment <br />procedures in place to ensure that all invoices are paid within statutory requirements. <br />Management Response — There is no disagreement with the audit finding. The City will <br />review its procedures in place to ensure future compliance with Minnesota Statutes. <br />Irbil <br />