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Minnetrista council accepts 2024 financial audit showing stable reserves, clean opinion
Summary
Council received a clean audit from CliftonLarsonAllen noting a $132,000 increase in accrued compensated-absences liabilities from new GASB guidance and a general fund unassigned balance of $3.01 million (39.9% of expenditures). Council voted to receive and accept the audit.
The Minnetrista City Council on May 19 received and accepted the city—s financial audit for the year ended Dec. 31, 2024, following a presentation by auditors from CliftonLarsonAllen.
CliftonLarsonAllen Principal Chris Canopic told the council the firm issued an unmodified (clean) opinion and did not identify any material weaknesses or significant deficiencies in internal control. "The city's receiving received an unmodified or clean audit opinion," Canopic said.
The audit shows the general fund unassigned fund balance totaled $3,009,494 as…
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