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Selma accepts audited 2023–24 financial statements; council forms ad hoc finance review
Summary
Auditors issued an unqualified opinion on Selma’s 2023–24 financial statements, but council members raised questions about an $838,000 decrease in the general fund and ARPA classifications; two councilmembers volunteered for an ad hoc finance review.
Selma accepted an audited set of financial statements for fiscal year 2023–24 on May 6 after auditors issued an unqualified opinion, but the meeting produced significant follow-up requests from councilmembers about fund balances, ARPA spending and prior-year payroll reconciling items.
Ryan Jolly, CPA, presented the audit on behalf of the city’s auditors, reporting an unqualified opinion and noting a single-audit because the city’s federal expenditures exceeded the OMB threshold. The auditor said total net position for the citywide statements was about $91.8 million and…
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