Town of Fremont - Highway Asset Accountability and Procurement (2019M-18)

Issued Date
May 22, 2019

[read complete report - pdf]

Audit Objective

Determine whether Town Officials have adequate controls to safeguard Highway Department assets.

Determine whether Town officials used a competitive process to procure highway goods and services.

Key Findings

  • Town officials did not update the Town’s procurement policy.
  • The Superintendent did not maintain documentation for quotes received.
  • Town officials did not maintain a complete inventory listing or monitor highway fuel usage.

Key Recommendations

  • Review and update the procurement policy.
  • Document quotes obtained to ensure purchases are made in the most economical way.
  • Maintain complete, accurate and up-to-date inventory records for assets and fuel.

Town officials agreed with our recommendations and indicated they have taken, or plan to take, corrective action.