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  • Audit faults Norwich for poor financial controls, unreconciled records
    Finance Management

    Audit faults Norwich for poor financial controls, unreconciled records

    March 6, 2023 /

    This tale by Patrick Adrian first appeared in the Valley Information on Feb. 28.  NORWICH — An independent audit of town fiscal information very last fiscal yr recognized a listing of worries with account management, including unreconciled discrepancies, incorrect account balances and town expenses produced devoid of created consent of the Selectboard. An audit performed by Sullivan, Powers and Co., a Montpelier-based accounting company, alerted Norwich officials to “material” and “significant” deficiencies in the town’s fiscal management through fiscal 12 months 2022, which ran from July 1, 2021, to June 30, 2022. The audit report introduced on Friday mentioned the deficiencies resulted in accounting glitches that were being continue to…

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