Town audit reveals clean financial slate after hurricane recovery

In a recent government meeting, the town of Fort Myers Beach received positive news regarding its financial health as presented by Wade from Walden Jenkins. The audit results for the fiscal year ending September 30, 2023, were shared, highlighting that the town achieved an unmodified opinion— the highest level of assurance an audit can provide. This indicates that the financial statements accurately reflect the town's financial position.

Wade commended the town's staff for their diligent management of financial records, particularly in light of the challenges posed by Hurricane Ian. He noted that the audit found no material weaknesses or significant deficiencies, a testament to the effective oversight by the town's financial team.

Additionally, the audit included a single audit due to the town's receipt and expenditure of approximately $22 million in federal and state awards related to disaster recovery efforts. This underscores the town's ongoing commitment to compliance and transparency in managing funds received from FEMA and state agencies.

Overall, the meeting reinforced the town's strong financial standing and effective governance, setting a positive tone for future fiscal management and recovery efforts.