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Columbiana fiscal‑year 2024 audit shows improved net position; auditor gives unmodified opinion
Summary
City auditors reported an unmodified opinion on Columbiana’s FY2024 financial statements. The audit showed net position of approximately $16.25 million, a $300,000 increase over FY2023; combined governmental funds end the year with about $5.5 million.
City auditors presented the fiscal‑year 2024 audit to the Columbiana City Council and reported an unmodified (unqualified) opinion on the city’s financial statements.
Mayor David Mitchell summarized highlights from the management’s discussion and analysis, saying the city’s net position — the government‑wide measure of assets minus liabilities — stood at about $16,245,722 and increased roughly $300,000 from fiscal year 2023. The mayor said combined governmental fund balances closed FY2024 at about…
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