North River Commission

With an executive leadership shift that took place in January of 2024, North River Commission, has been revising its staff positions, financial and organization’s processes and its policies, in order to appropriately manage its rapid growth. North River Commission will enforce policies and strict management of financial operations moving forward. Specific modifications and implementations of processes to be completed by North River Commission staff are as follows as they relate to the above findings: Action 1: Review and update payment approval policies to ensure clear procedures for documentation and authorization. Action 2: Review and update the payment approval policy to ensure that all payments require documentation of review and approval by authorized personnel. Action 3: Provide training for all personnel involved in payment processing on the importance of proper approval and documentation procedures. Conduct training sessions for finance and procurement staff on the updated payment approval procedures, emphasizing the importance of proper documentation. Action 4: Implement a system to track the approval status of each payment, with automatic alerts for missing approvals prior to payment processing. The organization is committed to strengthening its internal controls around payment approval. The corrective actions outlined in this plan will address the audit findings and help ensure that all payments are properly reviewed and authorized in compliance with internal policies.