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Stonecrest finance director reports strong 2021 audit, outlines policy changes and ongoing audits
Summary
At a May 21 Finance Committee meeting, Finance Director Lakisha Ames said the city’s FY2021 audit was completed and characterized as strong; she described recommended policy updates, staffing changes and work under way to complete audits for 2022 and 2023.
Stonecrest Finance Committee Chair Tammy Grimes convened the committee on May 21, 2025, where Finance Director Lakisha Ames reported that the city’s fiscal year 2021 audit has been completed and characterized as “very good,” and outlined a package of policy and staffing changes intended to bring the city into compliance for future audits.
Ames told the committee: “The FY ’21 finance audit was completed. We had an overall very good audit. Our revenues that were taken in for the 2021 year were $17,800,000. Our expenses were $9,000,000, so we had a lot of savings there.” She said the total fund balance as of Dec. 31, 2021, was $18,200,000 and that revenue for that period had increased by 24.7% while expenses rose 2.64% (all figures are for…
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