When assessing whether the actions of the Rēzekne City Municipality in terms of budget and financial management complied with legislation during an audit, it was concluded that several violations were committed in the development of its budget for 2023. As a result, the State Audit Office of Latvia issues an adverse opinion by stating the following main reasons: (1) insufficient assessment of the current situation, (2) reliance on the availability of funding, and (3) fragmentation of the budget management and accounting process.
Sectors
Public Sector Finances
Type
Financial
Number
2.4.1-34/2023
Department
Audit and Methodology Department
Date of publication
22.12.2023.
Audited period
01. 01. 2022. līdz 14. 11. 2023.
Decision date
06.12.2023.
Audited entities
- Rēzekne City