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Auditor reports Perry’s 2023–24 finances show solid reserves despite storm costs
Summary
Powell Jones CPA presented the city’s 2023–24 financial audit, finding generally positive operating results, healthy reserves for governmental and proprietary funds, and no material noncompliance for major federal programs.
Powell Jones CPA presented the City of Perry’s fiscal year 2023–24 financial audit at the July 22 council meeting, reporting positive operating results, multi-fund reserves and no reportable compliance failures for major federal programs. The auditor, Caleb Cardwell of Powell Jones CPA, led council through the independent audit report and summarized notable figures: governmental funds showed $6.0 million in cash and total assets of about $9.16 million; unassigned fund balance in governmental funds was approximately $2.48 million (about one…
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