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Opelika auditor: city finances healthy; flags cybersecurity, payables and unusual receivables
Summary
Auditor John Bowles told the Opelika City Council work session that the city’s 2024 audit shows strong net position and low debt-service ratio but identified three areas for attention: cybersecurity, year-end payables estimation and follow-up on unusual receivables.
John Bowles, the presenter of the city audit, told the Opelika City Council work session on March 4 that the city’s 2024 financial audit was “very good” and that the city maintains strong internal controls and a healthy net position. “Overall it was a very good audit,” Bowles said, and he urged council members to review the 122‑page report for details.
Bowles summarized the government‑wide results: total assets of about $572,000,000, liabilities of about $183,000,000 and a net position of…
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