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Council accepts 2023–24 audit; general fund falls below council reserve by $221,000
Summary
The city accepted a clean audit opinion for the fiscal year ended June 30, 2024. Auditors issued an unqualified opinion, but city staff reported the general fund balance is $779,000 — $221,000 below the council’s $1 million reserve target — driven by softer revenues and one unbudgeted emergency expense.
The Gonzales City Council accepted the city’s audited financial statements for the fiscal year ended June 30, 2024, after staff presented a clean (unqualified) auditor’s opinion and a review of key fund balances.
"In our opinion, the financial statements ... present fairly in all material respects ... in accordance with accounting principles generally accepted in The United States Of America," Finance Director Mark said when reading the auditors’ opinion. Staff characterized that wording as a clean opinion, meaning the…
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