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Selma council accepts fiscal 2024 audit; city reports $38.7 million portfolio at Dec. 31
Summary
Selma City Council accepted the annual financial audit for period ending Oct. 31, 2024, and approved the quarterly investment report for period ending Dec. 31, 2024, after hearing an auditor presentation that the city’s financial statements were materially correct.
The Selma City Council unanimously accepted the annual financial audit for the period ending Oct. 31, 2024, and approved the quarterly investment report for the period ending Dec. 31, 2024, after an auditor told the council the city’s financial statements are "materially correct."
Jacob Toomey of Armstrong and Vaughn presented the audit and told the council, "Y'all got the good audit report, y'all's audit, and y'all's financial statements are materially correct." Toomey said the city’s…
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