Christine Woll
24:48 - 25:35
“For the lease receivables and deferred inflows in Harbor Enterprise Fund, which also is included in the business type activities, we found that leases had been valued incorrectly. And I know this is something that finance is working on currently to correct, but we found about $8.6 million of lease receivable and deferred inflows.”
- Speaker
- Christine Woll
- Timestamp
- 24:48 – 25:35
- Community
- Alaska News
- Location
- Juneau
- Captured at
From the transcript
For the lease receivables and deferred inflows in Harbor Enterprise Fund, which also is included in the business type activities, we found that leases had been valued incorrectly. And I know this is something that finance is working on currently to correct, but we found about $8.6 million of lease receivable and deferred inflows. So again, that's a balance sheet impact only, but again, it's how those values get included and reported in your financial statements. And then for your Airport Enterprise Fund and the— again, that's included in your business type activities. There was an adjustment that was included in a reconciliation that had a note that this needs to be posted and it never got posted.
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Juneau gets clean audit despite control gaps, three-month delay
Juneau's audit passed but arrived three months late due to hospital delays and staff turnover, with auditors flagging two control gaps in debt review and harbor leases that finance staff have begun fixing.
