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Monmouth City approves audited 06/30/2024 financial report; council hears positive second-quarter update
Summary
Council accepted the cityfinancial statements as presented and heard that revenues and expenditures are tracking largely on budget in the second quarter.
Monmouth City Council voted to approve the City of Monmouth 06/30/2024 audited financial report as presented Monday evening; the motion was made by Councilor Lopez and seconded by Councilor Oberst and approved by voice vote. The council also received the city's second-quarter FY 2024-25 financial report, which staff described as generally positive.
Auditor Peter Gaelser of Kunz Vasquez and Associates told the council that "the audited financials were very clean and very well organized" and that the city's independent opinion was unmodified. He said the report showed no material findings and noted two recurring items: timing and documentation of grant expenditures and a self-review step the…
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