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Mission council accepts FY2023 comprehensive annual financial report after auditors highlight restatements and single-audit results
Summary
After an auditors'presentation and questions from council, Mission City Council accepted the fiscal year ended Sept. 30, 2023 comprehensive annual financial report by a 4-1 vote; officials discussed restatements, GASB 96 implementation and federal awards including ARPA funds.
The City Council of Mission voted 4-1 on March 2025 to accept the city's comprehensive annual financial report for the fiscal year ended Sept. 30, 2023 following a presentation by the external auditors and questions from council members.
Auditors told the council the opinion on the financial statements was unmodified but that the report included restatements and adjustments arising from corrections to prior-period amounts and implementation of GASB 96…
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