Jul 23, 2026BoardMeeting
BoardNorth Ogden City Audit Committee Meeting Minutes
The committee discussed the review of the 2026 Utah State Auditor's Fraud Risk Assessment, focusing on the definition of the management team, internal control procedures, and purchasing practices. Participants reviewed GASB Statement No. 103 and the proposed audit schedule, which involves consulting services for financial statement preparation. Additionally, the committee analyzed the fiscal year 2026 third-quarter financial report, requesting improvements for future reporting, and reviewed a preliminary year-end financial snapshot that included discussions on investment income allocation. Future meeting dates were also established.