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City auditor reports $3.6 million net increase for Groves in FY2024; recommends payroll time entry automation
Summary
City Auditor Walker presented the fiscal year 2024 audit, reporting a $3.6 million increase in net position across governmental and business activities and recommended the city consider automating employee time entry to reduce manual payroll calculations.
City Auditor Walker presented the City of Grovesf27 fiscal year 2024 financial audit during the April 14 council meeting, saying the audit carried a clean opinion and showed a $3.6 million increase in the cityf27 net position.
Walker said the auditorf27s independent report found the accompanying financial statements "present fairly the financial position of the city and the respective changes in financial position and cash flows for the year that ended," a statement Walker described as a clean opinion.
The audit showed net position of about $12.3 million for governmental activities and about $25.8 million for business-type…
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