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VLCT and the VLCT Board of Directors’ Financial Responsibility Committee are pleased to announce the availability of the new Municipal Internal Controls Checklist and accompanying guidelines. The checklist, which complies with current professional standards, can help municipalities improve their financial controls, and the guidelines describes the checklist in detail.
The internal controls checklist, of course, is only one component of a comprehensive set of internal controls, and VLCT – with the support of our Property and Casualty Intermunicipal Fund (PACIF) – is committed to help municipalities build and maintain sound financial management systems. To that end, we’ll pilot-test the Municipal Internal Control Checklist with a few municipalities. Then we’ll incorporate the results, along with a more detailed guidebook, into a full spectrum of municipal internal controls.