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R-16-20 <br />A RESOLUTION ACCEPTING THE TURNOVER REVIEW DATED MAY 26, 2016 <br />PERFORMED BY THE FIRM OF CLIFTON CARSON ALLEN,-LLP AND COVERING <br />THE PERIOD FROM JULY 1, 2015 THROUGH AUGUST 31, 2015. <br />WHEREAS, it is sound financial practice when there are changes in upper management <br />positions to conduct a turnover review using forensic auditing techniques; and <br />WHEREAS, the City's external audit for FY 2015 analyzed the period from July 1, 2014 <br />through June 30, 2015; and <br />WHEREAS, to supplement the City's external audit for FY 2015, City Council <br />requested that the City Manager contract for a turnover review covering the period from July 1, <br />2015 through August 31, 2015; and <br />WHEREAS, a Request for Proposals was issued and the audit firm of <br />CliftonLarsonAllen, LLP ("Clifton") was selected to conduct the review; and <br />WHEREAS, Clifton was provided two years of data to compare and analyze for the <br />purpose of establishing a thorough review program; and <br />WHEREAS, Clifton analyzed financial records for areas including purchasing, accounts <br />payable, payroll and overtime, travel, credit cards, invoices, and other transactions; and <br />WHEREAS, Clifton delivered to the City a completed Turnover Review dated May 26, <br />2016 and covering the period from July 1, 2015 through August 31, 2015; and <br />WHEREAS, the Turnover Review concluded that the City has established an efficient <br />internal control system to manage the various areas reviewed and did not make any findings of <br />improper transactions; and <br />WHEREAS, the Turnover Review identified some areas where documentation and <br />processes could be improved, and City staff has made or is in the process of making the <br />identified improvements; and <br />WHEREAS, the Turnover Review has been presented to City Council. <br />NOW THEREFORE, BE IT RESOLVED, by the Council of the City of Portsmouth, <br />Virginia, that it hereby accepts the Turnover Review dated May 26, 2016 performed by the audit <br />firm of CliftonLarsonAllen, LLP and covering the period from July 1, 2015 through August 31, <br />2015. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on July <br />12, 2016. <br />Teste: <br />City Clerk <br />