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City auditor presents unmodified opinion; Longwood posts $6 million general fund increase largely from ARPA funds
Summary
McDermott Davis and Company gave the city an unmodified audit opinion for FY2024; the general fund rose about $6 million after recognizing remaining ARPA funds, utility fund net position rose $3 million but shows an $8 million unrestricted deficit tied to interfund loans.
Tammy Campbell of McDermott Davis and Company presented the city’s fiscal-year 2024 audit at the April 21 meeting and reported an unmodified audit opinion, the highest-level opinion an auditor can issue.
Campbell told commissioners the city’s general fund balance increased by about $6,000,000 during 2024, largely because…
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