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Auditors present draft 'unmodified' opinion; city fund balance bolstered by one‑time federal aid
Summary
Drescher & Malecki presented the draft 2024 audit to the Tonawanda Common Council, reporting a roughly $1.7 million increase in the general fund — about $1.2 million of which the firm said came from one‑time ARPA revenue — and recommended operational improvements in the treasurer's office.
Drescher & Malecki told the Tonawanda Common Council that they expect to issue an unmodified opinion on the city's 2024 financial statements while noting a qualification tied to the city’s component unit.
The auditors said the city’s general fund rose by about $1.7 million in 2024. “You brought in about 1,200,000.0 of federal revenue. That's one‑time,” the audit firm representative said, referring to American Rescue Plan Act (ARPA) reimbursements. The auditors said that, excluding the ARPA amount, the net operating increase in 2024 was closer to $500,000.
The auditors highlighted components of the fund balance: roughly $2.0 million classified as nonspendable (largely prepaid…
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