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The 2024 audit gave the City a clean opinion on its balance sheets but disclaimed an opinion on operating statements because of unreliable prior fund balances and unresolved water and sewer revenue reconciliations. The general fund was overspent by about $1.8 million, largely offset by $1.7 million in unbudgeted grant revenue, for a net variance of roughly $34,000.
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The audit found that the City’s reported assets, liabilities, and ending fund balances were reliable, but its revenue and spending records still lacked enough supporting evidence for a full opinion. Auditors cited late reconciliations, a manual cashbook system, and incomplete tracking of smaller capital projects. City officials are moving accounting into the Munis system, resuming the delayed federal audit next month, and expect the 2025 audit to begin after October 15, 2026.
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