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Independent auditors give Llano City an unmodified opinion for year ended Sept. 30, 2024
Summary
External auditors presented the fiscal-year 2024 audit to the council and reported an unmodified (clean) opinion, improved pension funding and an increase in net position; auditors highlighted reserves near GFOA recommendations.
Llano City received an unmodified audit opinion for the fiscal year ended Sept. 30, 2024, the city’s external auditors reported to the council.
Jonathan Watson of Brooks Watson and Company presented the audit and told elected officials the unmodified opinion is the highest level of assurance an auditor can provide. "Good news, the city's receiving an unmodified opinion," Watson said, adding the result reflects the work of the finance department and city staff.
Key financial highlights the auditors reported included total assets exceeding total liabilities by about $35.75 million; an overall increase in net position of approximately $1.35…
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