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Lampasas auditor issues unmodified opinion on FY2024 report; council to accept at next meeting
Summary
External auditor Nate White presented the City of Lampasas' FY2024 annual financial and compliance report, saying the firm issued an unmodified opinion and found no material weaknesses; council will be asked to accept the audit at the next regular meeting.
Nate White, a shareholder partner with Singleton Clark, told the Lampasas City Council on April 8 that the firm issued an unmodified auditors’ opinion on the city’s fiscal year 2024 financial statements and found no material weaknesses, significant deficiencies or material noncompliance.
White said the report shows the city’s general fund ended FY2024 with $4,705,229 in fund balance — roughly 4.8 months of noncapital expenditures — and that the electric and water/wastewater proprietary funds changed net position in opposite directions: the electric fund added about $1.40 million to end at $7,431,645 while the…
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