CITY OF EVANSVILLE
AUDIT RESULTS AND COMMENTS
BANK ACCOUNT RECONCILIATIONS (City, Water Utility, and Wastewater Utility)
City cash and investment fund balances, including Water and Wastewater funds, were not properly
reconciled to bank balances.
Multiple bank reconcilements were presented for audit. Errors noted on the City’s bank reconcilements included:
1. One bank account was not included in the City’s original bank reconcilement.
2. The wrong balances from some of the bank statements were used in the City’s reconcilement.
3. Outstanding checks at December 31, 2012, were overstated.
4. Fund transactions were withdrawn from the incorrect bank account.
5. Random adjustments were added and later deleted from reconcilements presented for audit.
As a result of incomplete and inaccurate reconcilements, improper accounting for cash and investments and incorrect postings s to the records remained undiscovered by the City. When aggregated, the errors
and discrepancies noted on the bank reconcilement resulted in a difference between the record balance and  bank balance that was not considered material.
Indiana Code 5-13-6-1(e) states: “All local investment officers shall reconcile at least monthly the balance of public funds, as disclosed by the records of the local officers, with the balance statements provided by the respective depositories.”
ANNUAL REPORT (City, Water Utility, and Wastewater Utility)
The Annual Report submitted through the Gateway system for 2012 contained material errors. Â Several adjustments to the beginning balances, receipts and disbursements were proposed during the audit
and made by the City. A similar comment appeared in prior Report B41037.
