The North Ogden City Audit Committee convened on July 23, 2026, to review financial reports and discuss upcoming audit procedures, according to meeting minutes published July 27.
During the meeting, the committee addressed the 2026 Utah State Auditor’s Fraud Risk Assessment and reviewed the fiscal year 2026 third-quarter financial report.
Finance Director Peter Brown presented the 2026 Utah State Auditor’s Fraud Risk Assessment. The committee discussed whether the city has a formal internal audit function, noting that while internal controls exist, the city does not currently have a separate, independent internal audit program. Staff will seek clarification from auditors regarding the definition of the city's management team to determine if the assessment requires revision. However, officials noted that any adjustments would not change the city's overall very low-risk classification.
Regarding financial oversight, the committee reviewed the fiscal year 2026 third-quarter report. The committee unanimously recommended the report to the City Council with necessary corrections. Finance staff reported that total expenditure was approximately 69 percent of the budget through the third quarter. The committee requested that future quarterly reports be simplified to focus on year-to-date performance and significant variances.
Audit partner Rob Wood of HBME, LLC, was introduced to review the proposed 2026 audit schedule. Wood explained that his firm will serve as a consultant to assist and train City Finance staff in preparing government-wide financial statements and implementing Governmental Accounting Standards Board requirements.
Preparation for the external audit is expected to begin in September, with a target completion date of December 15. The committee is scheduled to meet on October 22 and December 17 to review audit progress and financial statements.
A preliminary fiscal year 2026 year-end snapshot was presented, based on financial information available as of June 30. The report indicated the General Fund's preliminary deficit decreased from approximately $362,000 to $44,000 after additional tax revenue was recorded.
Committee member Winn remarked that while the city remains relatively small, its financial practices are becoming more sophisticated. Committee member Nabor added that city staff and previous councils have maintained well-managed financial operations.
The meeting was adjourned at 7:45 p.m. following the discussion of future meeting schedules.
