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City audit finds clean opinion; solid-waste fund runs $1.1 million deficit
Summary
Independent auditors gave the City of Washington an unmodified opinion on its 2024 financial statements but council members and staff raised concern about a growing deficit in the solid-waste enterprise fund and potential landfill costs.
The City of Washington received an unmodified (clean) opinion on its fiscal year 2024 financial statements, and auditors highlighted a widening deficit in the solid-waste enterprise fund that left the fund’s unrestricted net position about $4.3 million negative at year-end, council members heard May 5.
The report, presented to the council as the city's Annual Comprehensive Financial Report (ACFR), said the general fund’s total fund balance rose about 3 percent to just over $15 million and remained in compliance with the city's fund balance policy. "Happy to report that we are providing a clean or an unmodified opinion, which is the best that we can give as your auditor," the presenting auditor said.
Why it matters: An unmodified opinion indicates auditors found the city’s financial statements to be…
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