DATE: February 2, 2018
TO: Members of the Budget & Finance Committee
FROM: Eric Stuckey, City Administrator
Kristine Tallent, Assistant City Administrator/Chief Financial Officer
SUBJECT:
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Report on Results of FY 2018 Hotel/Motel Audit.
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Purpose
The purpose of this memo is to provide information to the members of the Budget and Finance Committee concerning results of the FY 2018 Hotel/Motel Audit performed jointly with the Williamson County Finance Department.
Background
Periodically, the City and County engage an outside accounting firm to perform audits of hotel/motel fees due to the respective governments. The last audit was performed in 2014 and the FY 2018 Budget appropriated funds from the Hotel/Motel Fund for this purpose. Expected cost for the audit is $18,000, or $750 per report.
Financial Impact
The auditor has identified hotel/motel fees due to the City for the period of 2014-2017 of $191,262. Results of the audit are summarized in the attached memorandum.
Recommendation
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No action is necessary. This is a report only.