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Cloverdale tables FY 2023-24 audited financial statements after remote audio failure
Summary
The council postponed a presentation of the city’s June 30, 2024 audited financial statements after technical audio problems with remote auditor Terry Craig. Council agreed to re-schedule the presentation for the next meeting.
The Cloverdale City Council postponed the scheduled presentation of the city’s audited financial statements for the fiscal year ending June 30, 2024, after persistent audio problems prevented the remote auditor, Terry Craig, CPA, from speaking clearly to the council and public.
Terry Craig, the contracted independent auditor, joined by video but with intermittent audio, opened the presentation and described elements of the independent auditor’s report and management’s discussion and analysis. Craig said his report expressed an independent accountant’s opinion that the city’s financial statements presented fairly “in conformity with generally accepted accounting principles in the United States of America,” and briefly referenced changes in net position for the year. He reported a notable increase driven in part by a donation of open-space land (about 200-plus acres) and capital impact fees, figures he summarized before audio problems intensified.
After repeated attempts to restore audio, council members said the presentation could not be adequately heard. Mayor Todd Lands asked whether the item could be postponed. The council agreed to table the matter and place the auditor’s presentation on the next council agenda so the full report can be presented and discussed with clear audio and visuals.
The council did not take action on budget allocations at the meeting and set no new deadlines beyond rescheduling the auditor’s presentation.
