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Champaign finance staff and auditors report clean audit for fiscal 2024; city highlights improved net position
Summary
City officials and outside auditors presented the fiscal year 2024 comprehensive annual financial report, reporting an unmodified (clean) audit opinion, an increase in net position, and improved pension funding percentages; council thanked staff.
Champaign Finance Director Kaye Nees and City Accountant Amanda Corrigan presented the City of Champaign’s comprehensive annual financial report for the year ended 2024, and outside auditors from Lauterbach and Amen issued an unmodified — or "clean" — opinion on the city’s financial statements.
The audit matters because it confirms the city’s financial statements are presented fairly and that auditors were able to rely on the city’s internal control environment — important signals for residents, bondholders and pension stakeholders.
Amanda Corrigan opened the presentation by saying, “I am proud to report that once again we have a clean audit.” She led council through the management’s discussion and analysis and the key financial statements, noting the…
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