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The City Council unanimously adopted an order asking the Mayor to seek a financial management review from the Division of Local Services. The review would examine Malden’s municipal operations, financial practices, and organizational efficiency, with no cost to the city according to the minutes.
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The proposed review would assess how the city plans, manages, and oversees its finances; it is different from the city’s routine financial audits, which check whether accounting is correct. The Mayor must request the review, and the Finance Committee will report back to the full Council on its findings. The Council placed a separate proposal for a State Auditor municipal audit on file after noting it could take up to two years and would cost an undetermined amount.
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