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Jacksonville accepts clean 2023–24 audit, council votes to file findings
Summary
The Jacksonville City Council voted unanimously to accept the city's 2023'24 financial audit, which auditors said received an unmodified (clean) opinion and showed strengthened reserves in the general and utility funds.
The Jacksonville City Council unanimously accepted the 2023'24 financial audit after a presentation by the city's auditor.
Priscilla Brown, the auditor presenting the report, told the council the city received an unmodified opinion, the highest available, and that auditors found the city's financial statements to follow generally accepted accounting principles. "Once again, the city has received an unmodified opinion," Brown said.
The audit showed about $4,700,000 in unrestricted general-fund reserves as of Sept. 30, 2024, roughly 32% of one year's general-fund spending and above the city policy of 20%. The utility fund reported operating income of about $2,300,000 and reserves equaling roughly 48% of a year's spending, above the fund policy of 25%.
Brown also reported no disagreements with management, no significant audit entries, and full compliance with U.S. Treasury rules on federal spending reviewed as part of the audit. She noted the city has repeatedly received the Government Finance Officers Association (GFOA) reporting award.
Councilman Rob Goin moved to accept the audit findings; Mayor Pro Tem Tim McRae seconded. The council voted by voice, with all saying "aye," and the motion carried.
The council's acceptance is procedural: the vote records the audit findings and places the city's audited financial statements on the public record. The auditor invited questions and said supplementary schedules and the annual comprehensive financial report are available for review.
