Internal Financial Controls Checklist for Cities
Does the city have written policies and procedures for financial operations?
Yes
No
If no, explain
Are the city's account records currently maintained by one individual and not at city hall?
Yes
No
If no, explain
Are financial records maintained in a computerized system?
Yes
No
If no, explain
Has the city auditor attended financial trainings?
Yes
No
If no, explain
Are bank accounts and fund balances being reconciled each month?
Yes
No
If no, explain
Does someone other than the auditor review bank reconciliations?
Yes
No
If no, explain
Are pre-numbered checks used for all bank accounts?
Yes
No
If no, explain
Are checks always written to specific payees and not to cash?
Yes
No
If no, explain
Are checks written by the same individual who approves payments?
Yes
No
If yes, explain
Are checks deposited, and the mail opened by the same individual?
Yes
No
If no, explain
Are numbered receipts always provided for all cash payments made to the city?
Yes
No
If no, explain
Have the city's monies only been deposited into city accounts?
Yes
No
If no, explain
Does the city loan money to city employees?
Yes
No
If yes, explain
Is the city Auditor a part of any businesses that do business with the city?
Yes
No
If yes, explain
Are any city council members a part of any businesses that do business with the city?
Yes
No
If yes, explain
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