Though Mayoral candidate and sitting Council member Ginny Foat claims that this exonerates the Mayor and the other members of Council of any wrong-doing, in fact it does nothing of the sort as it's main focus is on suggesting the City management use different kinds of binders for their paperwork and it does not conduct a thorough examination of the transactions in question.
In addition this is only ONE of TWO audits the City has commissioned, the second being of its land sales. The Mayor and Cllr. Foat are associated with the sale of City land at below market value. That second report has yet to be received and no one seems to know when it will be completed, possibly not until after the election.