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

Attachments