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Independent auditors give Seagoville a clean opinion; reserves declined in 2024 fiscal year
Summary
Brooks Watson and Company issued an unmodified audit opinion on the City of Seagoville's fiscal year ending Sept. 30, 2024, while city officials heard that general-fund and capital balances declined from the prior year.
Mike Brooks, an audit partner with Brooks Watson and Company, told the Seagoville City Council that the firm issued an unmodified (clean) audit opinion on the city's financial statements for the year ending Sept. 30, 2024.
Brooks summarized key figures from the annual comprehensive financial report: total assets exceeded total liabilities by about $77 million; combined governmental fund ending fund balance was about $16.8 million, a decrease of roughly $5.9 million from the prior year; and total governmental…
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