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Ferguson finance director, auditor report clean opinion and improved reserves
Summary
City Finance Director Nodrick Tankans and external auditor Jim Smerschel presented Ferguson's audited financial statements for the year ended June 30, 2024, reporting a clean audit opinion, improved infrastructure investment, and near-fully funded pensions; no formal council action was required.
Ferguson Finance Director Nodrick Tankans and outside auditor Jim Smerschel told the Ferguson City Council on April 22 that the city received a clean audit opinion for the fiscal year ending June 30, 2024, and reported stronger financial reserves.
The presentation, delivered by Tankans and Smerschel during the council's meeting, included details on cash, capital spending and pension funding levels. "You all hadn't had an audit issued since '22, and that puts you a bit behind," Smerschel said, then added, "congratulations on on the clean opinion and being caught up." Tankans said the finance team is "caught up financially" and that the department now…
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