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Auditors give Nassau Bay a clean opinion; council accepts ACFR as staff previews strong sales-tax and hotel collections
Summary
Independent auditors issued an unmodified opinion on Nassau Bay's FY2024 financial statements; council accepted the annual comprehensive financial report. Staff reported a $12.3 million investment portfolio, higher sales-tax receipts and project funding considerations including a $2.3 million ladder truck due in 2027.
The Nassau Bay City Council accepted the city’s annual comprehensive financial report for the fiscal year ended Sept. 30, 2024, after auditors from Crow issued an unmodified (clean) opinion on the city’s financial statements and a clean single-audit opinion for federal grant compliance.
Stephanie Harris, audit partner with Crow, told the council the firm issued a clean opinion and summarized key figures: the city recorded approximately $13.4 million in total costs for governmental and business-type activities, collected…
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