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Galt accepts audited financial report for fiscal year ending June 30, 2024; general fund strong
Summary
Council accepted the city’s audited annual comprehensive financial report for FY 2023‑24; staff and a consultant described a healthy general fund balance and forecast work; council approved the reports 5‑0.
The City Council accepted the City of Galt’s audited Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2024, and received a staff presentation and consulting assessment that described the city’s fiscal position as healthy.
Lede: The auditors issued an unmodified opinion on the city’s financial statements for FY 2023‑24, and council voted 5‑0 to accept the ACFR, related auditor reports and appropriations‑limit compliance materials.
Nut graf: Interim Finance Director Carly Saunders reviewed government‑wide and fund‑level statements. Staff reported an increase in…
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