Marco Island finance director resigns amid audit concerns
Marco Island finance director resigns amid audit concerns

Marco Island finance director resigns amid audit concerns

How did your country report this? Share your view in the comments.

Diverging Reports Breakdown

Marco Island finance director resigns amid audit concerns

Marco Island Finance Director Guillermo Polanco resigned effective immediately July 8. City Council raised concerns over financial reporting issues in fiscal year 2024 audit. The audit cited “material weaknesses” tied to grant accounting.

Read full article ▼
Marco Island Finance Director Guillermo Polanco resigned effective immediately July 8, following concerns raised by City Council over financial reporting issues in the city’s fiscal year 2024 audit. The audit, completed in late June by CliftonLarsonAllen LLP, cited “material weaknesses” tied to grant accounting. Council Chair Erik Brechnitz said he learned of the findings while reviewing the audit online and expressed frustration over not being informed directly by Polanco or City Manager Mike McNees. Polanco, who had served since 2012, said grant-related issues were affected by faulty generators. McNees will appoint an interim director as the city searches for a replacement.
Source: Gulfshorebusiness.com | View original article

Source: https://www.gulfshorebusiness.com/gb_daily/marco-island-finance-director-resigns-amid-audit-concerns/

Leave a Reply

Your email address will not be published. Required fields are marked *