Corinth council accepts clean annual audit; prior-year developer contribution restated
City auditors presented a clean (unmodified) opinion on the fiscal 2024 financial statements and a clean single-audit for federal grant compliance; council unanimously accepted the comprehensive annual financial report. Auditors said a $4.2 million developer contribution was restated to 2023 and the city is adopting corrective steps.
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The Corinth City Council on March 20 unanimously accepted the city’s annual comprehensive financial report and single-audit for the fiscal year ended Sept. 30, 2024.
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