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Council accepts city annual financial report after clean audit; Stevens Plantation compliance remains unresolved
Summary
The council accepted the city's Annual Comprehensive Financial Report after independent auditors issued an unmodified (clean) opinion. Auditors noted no material weaknesses but flagged an ongoing compliance issue tied to Stevens Plantation; staff said negotiations with bondholders are ongoing.
City auditors from Pervis Gray and Company reported a clean, unmodified opinion on the City of St. Cloud's fiscal‑year 2023–24 financial statements, and the City Council voted to accept the Annual Comprehensive Financial Report (ACFR).
Audit director Matthew Guneau told the council the city had received the Government Finance Officers Association (GFOA) Certificate of Achievement for the prior year and is expected to receive that award…
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