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City auditor issues clean opinion for Leon Valley’s fiscal 2024 financials; council hears fund‑balance details
Summary
An external auditor told the council the City of Leon Valley received a clean opinion on its FY2024 annual comprehensive financial report; the presentation highlighted an ending general‑fund balance of approximately $9.49 million and noted major restricted balances and budget variances.
The city’s external auditor, Debbie Frazier, CPA, told the council Tuesday that after adjustments the City of Leon Valley’s fiscal 2024 financial statements are fairly stated and received a clean opinion with no material findings.
Frazier outlined major figures from the annual comprehensive financial report (ACFR). She said general‑fund revenue for the fiscal year was $12,972,660 compared with a budgeted $13,500,000; total…
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