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Staff says 2024 financial report work continues; auditors expected to begin in September
Summary
City finance staff told the committee they have filed extension requests and expect external auditors to begin the 2024 audit work around Sept. 1; the 2024 report cannot be completed until the 2023 audit is closed, staff said.
City finance staff updated the City Council finance committee on progress toward completing the city's annual financial report and the timing for the external audit.
Marla, the clerk treasurer, said staff have been working with Baker Tilly and have submitted the materials received so far. She said an extension request was filed to give staff more time to complete the city's report and that the auditors aim to begin fieldwork in early September.
Why it matters: the Comprehensive Annual Financial Report (CAFR) or equivalent audited…
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