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Annual audit: Henderson receives clean opinion; one‑time building costs shrink fund balance
Summary
Morgan & Petty PC presented the fiscal 2024 audit to council and reported an unmodified (clean) audit opinion. The audit shows a roughly $1.1–$1.2 million drop in the general fund balance caused mainly by one‑time costs associated with moving into a new city building; the firm reported no disagreements with management.
Henderson received an unmodified (clean) audit opinion for fiscal year 2024, the city's auditors told the City Council during the March 2025 meeting.
Gala, an auditor with Morgan & Petty PC, presented the audit report and highlighted key items: governmental revenues rose modestly overall while expenses increased, primarily in public services and public safety; the city recorded a swing of about $500,000 from the prior year (an increase of $328,000 in the prior year versus a drop of $254,000 in 2024). Gala said the general fund balance dropped by approximately $1.19 million, largely from one‑time costs associated with moving into the new city building and related capital work. "The opinion is considered to be an unmodified or audit, clean audit opinion," Gala said.
The auditors noted disclosures related to the city's pension and OPEB plans, routine journal entries identified during the audit and no disagreements with management. Gala emphasized that the city did not need to borrow money to cover the one‑time building costs. The audit presentation included a two‑page governance letter to council discussing significant accounting policies, estimates and required disclosures.
The council heard the presentation and had no formal action beyond accepting the report; staff were thanked for their work on the audit process.
