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Neenah audit: clean opinion, general fund balance up about $1.2 million
Summary
Baker Tilly presented the City of Neenah's 2024 annual comprehensive financial report (ACFR) at the June 18 council meeting, reporting an unmodified (clean) opinion, higher-than-budgeted investment income, and an increase in the general fund balance; council received and placed the report on file by unanimous vote.
John Raider of Baker Tilly told the Neenah Common Council on June 18 that the city's 2024 annual comprehensive financial report received an unmodified ("clean") audit opinion and contained no material adjusting entries.
The audit presentation, introduced by Director Rasmussen, highlighted a $1.2 million increase in the city's general fund balance for 2024; unassigned (unrestricted) fund balance rose by about $1.1 million. Baker Tilly attributed the improvement largely to stronger-than-budgeted investment income (about $778,000) and permit…
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