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Dyersburg audit: independent auditors give city an unqualified opinion; grants and cash balances rise
Summary
An independent auditor told the City of Dyersburg on March 4 that she issued an unqualified opinion covering city finances, the electric system and schools, reporting roughly $137 million in net position, increased federal and state grant spending and no audit findings for the year.
Katie Laurel, an auditor filling in for Chloe, told the City of Dyersburg Board on March 4, 2025, that the independent audit for the fiscal year received an unqualified opinion and showed a net position of about $137 million for the combined city funds, electric system and schools.
Laurel said the audit covers the city, the electric system and the city schools and that the independent auditors issued “an unqualified opinion, which is what you want.” She told the board the funds reported as unrestricted were roughly $23 million and that total cash and investments reported in the financial statements were about $58 million combined (approximately $47 million in cash and nearly $11 million in investments).
The auditor said governmental funds reported a combined ending fund balance of about $28 million and that the city’s…
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