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City auditor: Paramount ended FY 2023–24 with a surplus; GFOA award noted
Summary
An independent auditor presented the city’s FY 2023–24 Annual Comprehensive Financial Report, reporting improved fund balances, no internal-control findings flagged to the council and a GFOA certificate of excellence.
The city’s annual comprehensive financial report for the fiscal year ending June 30, 2024, was presented to the City Council and the auditor reported a net positive position and no internal control deficiencies requiring formal council action.
The audit partner (city’s external audit firm) and Finance Director Kim Sow summarized the results. The presentation noted the city…
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