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Council receives and files Carpinteria annual comprehensive financial report for FY 2023—24
Summary
Auditors issued an unmodified opinion on the City of Carpinteria’s FY2023-24 Annual Comprehensive Financial Report; council received and filed the report noting positive fund balances and reserves that partly meet policy targets.
Carpinteria City Council on Feb. 3 received and filed the city’s Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2024. The financial statements were audited by Rogers, Anderson, Malody & Scott, which issued an unmodified (clean) opinion.
Key findings from staff and audit presentation: the city’s combined fund balance was $22.5 million at fiscal year end, an increase of $1.7 million from the prior-year budgeted fund balance. The general fund finished the year with $16.2 million in balance;…
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