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Waterville posts solid 2024 results; auditor issues clean opinion for 2023 audit
Summary
City staff presented a fourth-quarter 2024 budget report and a treasurer highlighted a clean audit opinion for the 2023 fiscal year; council heard revenue and expenditure details and that American Rescue Plan Act funds have been spent or encumbered.
City finance staff reported on the fourth‑quarter 2024 budget and the city’s most recent audit during the Feb. 24 Waterville City Council meeting.
Municipal staff presented the 2024 fourth‑quarter budget report, which staff said reviewed actual revenues and expenditures for the period Jan. 1-Dec. 31, 2024. The report showed the city collected stronger-than-expected income tax receipts and closed the year with positive cash results. City staff said it brought in…
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