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Ingleside council accepts FY2024 audit; unassigned general fund shown at $15.8 million
Summary
Independent auditors gave an unmodified opinion on the city’s FY2024 financial statements; the council accepted the annual financial report and staff and auditors discussed fund balance, reserves and single audit comments.
The Ingleside City Council accepted the City of Ingleside’s annual financial report for the fiscal year ending Sept. 30, 2024, after a presentation by the independent auditors showing an unmodified opinion and a healthy fund balance.
Jeff Pittman of the audit firm presented the audit findings, telling the council the audit returned an unmodified opinion, the highest level of assurance. The auditors reported combined governmental fund balances of about $44.6 million and an unassigned general fund…
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