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City receives unmodified audit opinion for fiscal 2024; general fund shows budget shortfall
Summary
An independent auditor told the El Campo City Council on Tuesday that the city received an unmodified audit opinion for the fiscal year ended Sept. 30, 2024.
An independent auditor told the El Campo City Council on Tuesday that the city received an unmodified audit opinion for the fiscal year ended Sept. 30, 2024.
John Watson, an auditor with Brooks Watson and Company, told the council the unmodified opinion means “there are no material errors or inconsistencies in this report we're aware of.” He said total assets exceeded total liabilities by roughly $23.1 million and the city had an overall decrease in net position of about $1 million for the year.
Watson said the city's governmental funds reported a…
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