Tuesday, May 9, 2017

City's Finance Department and Auditor Reach Agreement


~ Audit Scope Includes Confidentiality and Non-Disclosure Terms to Protect Business and Taxpayer Records ~

Mayor Levar M. Stoney today announced the city’s auditor and finance department have agreed to terms providing for an audit of the Assessments Unit within the Department of Finance, which will be initiated immediately. This establishes a cooperative effort to ensure the city has the proper process in place to collect outstanding tax revenues due to the city, while ensuring any special access to proprietary information relating to city businesses or taxpayers will be kept confidential.

“I commend our Director of Finance, John Wack, and our Auditor, Umesh Dalal, for their work in reaching this agreement,” said Mayor Stoney. “Working together to collect revenues owed to the city will benefit every city department and every city taxpayer.”

“I appreciate Mayor Stoney facilitating the performance of an audit with the Finance Department that will ensure accountability and transparency over city resources,” said City Auditor Dalal.

The scope of the Assessments Unit audit will include calendar years 2015 and 2016, encompassing the 24 months ending December 31, 2016. Messrs. Wack and Umesh are now finalizing an agreement for two additional audits of the city’s Revenue Administration, for the Delinquent Tax Unit and the Audit and Enforcement Unit.