3.18.09

KPMG presents audit to M.U.D. Board

KPMG presented its annual audit of the Metropolitan Utilities District's 2008 finances to the M.U.D. Board of Directors March 18.

KPMG found no deficiencies with the internal control of financial reporting or with the District's financial statements. State statute requires M.U.D. to conduct an annual audit by an independent third party.

 "To have an independent third party come back with a clean audit is significant. It is very significant," said Board Chair Mark Doyle. "I'm confident it's a good audit and a good process," he said.

Shelly Stromp of KPMG responded to questions about the audit which found no evidence of fiscal mismanagement or fraud.

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