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Bolivar council accepts unqualified audit, advances budget and amendments
Summary
Council heard an outside auditorreport that called the city's financial statements unqualifiedand approved first readings and amendments for the fiscal 2025-26 budget; council scheduled a special meeting for the budgetsecond reading.
An outside auditor presented the cityof Bolivarannual audit and told the City Council the report was "unqualified, meaning the books were clean," and the council voted to accept the audit and advance budget ordinances and amendments for further review.
The auditor told the council the government-wide and fund statements show the city sitting on roughly $4 million in the bank in the general fund and noted a fund balance in the governmental funds and proprietary funds that the auditor described as "very strong". The council then took first readings of the tax-and-budget ordinances for fiscal 2025-26 and approved a package of budget amendments that adjust grant and project accounts.
The audit provides the immediate financial context for the budget items because it affirms the city's accounting…
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