The Stonecrest City Council meeting held on May 21, 2025, focused on the city's financial audit results and ongoing improvements in financial management. The meeting highlighted a successful audit for the fiscal year 2021, revealing a revenue of $17.8 million against expenses of $9 million, resulting in a significant fund balance of $18.2 million. This reflects a 24.7% increase in revenue and a modest 2.64% rise in expenses, indicating strong financial health for the city.

City officials discussed the transition from using an outside contractor to hiring in-house staff, which has improved operational efficiency. They are actively revising several financial policies, including purchasing and financial management policies, to enhance compliance and internal controls. The city is also reviewing its information technology, record retention, whistleblower, and conflict of interest policies.

The council addressed the progress of the ongoing audits for 2022 and 2023, stating that they are on track to complete these financial statements within the calendar year. The internal team meets monthly to ensure collaboration with external auditors and to prepare necessary documentation. A forensic accountant is also involved to maintain oversight and accuracy in the audit process.

Concerns were raised about previous audit discrepancies, particularly regarding a disputed $6.2 million debt. City officials clarified that this figure was based on a legal assessment rather than a financial one, and they are currently in litigation regarding this matter. The council emphasized the importance of transparency and communication to build confidence in the city's financial practices.

Overall, the meeting underscored Stonecrest's commitment to improving its financial management and ensuring compliance with audit requirements, while also addressing past challenges. The city aims to maintain its positive financial trajectory and enhance public trust through diligent oversight and policy revisions.