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External auditors report clean opinion on Villa Rica FY24 financials; net position up about $6.1 million
Summary
Malden & Jenkins presented the city's FY24 audit, reporting an unmodified (clean) opinion, no findings on internal controls, and an increase in government-wide net position of about $6.1 million for the year ended Sept. 30, 2024.
Meredith Lipson, an audit partner at Malden & Jenkins, told the Villa Rica City Council during a work session that the firm issued an unmodified (clean) opinion on the city's FY24 financial statements and found no reportable deficiencies in internal controls.
The auditors' presentations note total government-wide assets of roughly $156 million, liabilities of about $62.9 million, and net position of about $93.1 million as of Sept. 30, 2024. Lipson said the city recorded an increase in net position of approximately $6.1 million for fiscal year 2024.
Nut graf: The auditors said the city's…
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