The City of Thompson recently held a special meeting of the Finance and Administration Committee to review the audited financials for 2017.
Mayor Dennis Fenske spoke to Arctic Radio News following the meeting, and said there were two main suggestions made by the auditors.
The first suggestion made is that the City should do a better job of cataloguing inventory, as they are are a large organization that “carries a lot of items”.
Fenske said that the second suggestion was that they need to “tighten up” when it comes to outside agencies that the City funds. He added that the audit is consistently delayed as some agencies are late reporting their numbers, which is something the Mayor says the next City Council will have to look at improving upon.
Despite the suggestions, Fenske said that there were no surprises in what was presented, and that he gives a lot of credit to the City’s CFO Jenny Krentz for the work her and her staff do.
The audit will be reviewed for information by City Council at their next meeting on August 13th.