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CITY OF GEM LAKE, MINNESOTA <br />SCHEDULE OF FINDINGS AND RESPONSES (CONTINUED) <br />YEAR ENDED DECEMBER 31, 2019 <br /> <br /> <br /> <br />(37) <br /> <br />OTHER ITEM FOR CONSIDERATION – MINNESOTA LEGAL COMPLIANCE <br /> <br />2019-004 Claims and Disbursements – Delegation of EFT Authority <br />Criteria: Minnesota Statute §471.38, Subd. 3 and 3a, requires the City to enact a plan containing policy <br />controls for delegating authority to make an ETF and getting documentation of the electronic <br />transactions. <br /> <br />Condition: It was noted that the City has not enacted a plan for delegating authority and implementing <br />controls over electronic funds transfers. <br /> <br />Effect: The City is not in compliance with the Minnesota Statute requiring the requirement to enact a <br />plan for controls over the electronic funds process. <br /> <br />Cause: The City was not aware of the specific requirements of the statute. <br /> <br />Recommendation: We recommend the City to develop procedures and controls over EFTs and also <br />add the annual delegation of authority to its list of items that are formally approved each year. <br /> <br />Management Response: <br />The City will work to develop these procedures and ensure this annual delegation of authority is done <br />moving forward. <br /> <br /> <br />