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Fredericksburg accepts fiscal 2024 audit; finance department praised for clean opinion and strong fund balance
Summary
The council accepted the city’s FY2024 financial audit, which included an unmodified (clean) opinion, audited total assets of about $154.5 million, and a general‑fund unassigned balance of roughly $15.6 million—about six months of expenditures per auditors' review.
Fredericksburg City Council accepted the city’s fiscal year 2024 financial audit after a presentation by Veil Bailey (auditor representative Kevin Randolph of Veil Bailey) and staff. The independent auditor issued an unmodified (clean) opinion on the city’s financial statements.
Auditor Kevin Randolph summarized highlights: total assets of about $154.5 million, including $42.1 million in cash and investments and $88.4 million in…
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