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North Little Rock receives unmodified FY2024 audit; two reporting findings noted
Summary
City auditors issued a clean, unmodified opinion on the city's FY2024 financial statements but noted two nonmaterial reporting issues related to federal grant reports; city staff said corrective steps are in place.
The North Little Rock City Council received a presentation Wednesday evening on the city's fiscal year 2024 audit, which auditors described as a clean, unmodified opinion.
"I'm happy to be here tonight to go over the fiscal year 20 24 audit results," Rachel Ormsby, the audit partner with Forbus Mazar, told the council as she summarized the nearly 200-page financial report. Ormsby said the city met the regulatory filing deadline window and that the audit would be submitted to the Governmental Audit Clearinghouse and other agencies ahead of the June 30 deadline.
The audit highlights included an increase in the general fund balance of about $7,500,000, Ormsby said; she attributed a large portion of that increase…
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