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Victoria auditors issue clean opinion on 2024 financials; city ends year with higher reserves
Summary
External auditor LB Carlson gave the City of Victoria an unmodified (clean) opinion on the financial statements for the year ended Dec. 31, 2024, reporting increases in governmental and enterprise fund balances and noting no audit findings or legal-compliance exceptions.
Assistant City Manager Tricia Pollock introduced the independent audit for the year ended Dec. 31, 2024, and invited the city’s auditor to present the results.
The audit, presented by Jackie Higa, partner at LB Carlson, concluded that the city’s basic financial statements are fairly presented and issued an unmodified — or “clean” — opinion. "As we go through the presentation, you're gonna see it's all very positive, results," Higa told the council.
The nut graf: The audit showed the city ended 2024 with increased governmental and enterprise net positions, a larger-than-budgeted general fund balance and no findings in either the financial-statement audit or the Minnesota legal-compliance audit — outcomes the auditor described…
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