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External auditors report no compliance findings; city presents July financials showing year-to-date revenues under budget on accrual basis
Summary
Auditors presented the municipal audit and reported that financial statements are fairly stated and that there were no federal grant compliance findings. The city's July financials showed fund-level variances driven by capital timing; staff said capital commitments will change year-to-date comparisons.
At the Aug. 25 meeting the city's auditor, Giselle McDonald of (firm name redacted in packet), presented the municipal audit and delivered summary financials. The independent auditor's report said the city's financial statements were fairly presented in accordance with applicable accounting principles. The auditor reported no findings related to federal grant…
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