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City presents clean audit and annual financial reports; general fund balance detailed
Summary
Finance Director Elizabeth Cabell presented the city’s Annual Comprehensive Financial Report and Popular Annual Financial Report; auditors issued an unmodified (clean) opinion and the city reported a general fund balance of about $50.5 million and total cash of roughly $206 million at fiscal‑year end.
Finance Director Elizabeth Cabell presented the City of Santa Cruz’s Annual Comprehensive Financial Report (ACFAR) and Popular Annual Financial Report (PAFR) for fiscal year 2024 at the Jan. 28 council meeting. The auditors issued an unmodified opinion — commonly called a “clean audit” with no findings —…
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