Auditor of State Rob Sand released an agreed-upon procedures report on the City of Lockridge late last week for the period of April 1, 2024 through March 31, 2025.

Sand’s office was approached by the City of Lockridge, in Henry County, to compile the report. His office reported 10 findings related to the receipt and disbursement of taxpayer funds. These findings included a lack of segregation of duties, a lack of bank reconciliations, and a lack of information provided within monthly city clerk reports and city council minutes. The report also found issues with the city’s annual financial report for the fiscal year 2024. Neither the ending balance, nor receipts or disbursements, agreed with city records.

In the report, the auditor’s office supplied the city with recommendations to fix the issues, including establishing procedures to ensure that numbers and totals would be independently reviewed to confirm accuracy. The auditor’s office did not conduct an examination or review engagement, and therefore did not provide an opinion or conclusion on financial records of the city or related information, including compliance with specific Code of Iowa requirements.