Lynnwood audit finds problems
LYNNWOOD — The city of Lynnwood is still struggling to produce accurate financial statements and keep tabs on its own accounts, according to a recent state audit.
An analysis of the city’s 2012 finances found a number of recurring problems and concerns, in addition to some progress made.
The preliminary audit reports were presented to the City Council on Monday night. The State Auditor’s Office expects to post the final reports Sept. 30.
City staff have been working to correct many of the problems, some of which they identified themselves before the audit, finance director Lorenzo Hines said Wednesday.