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Independent auditors give Clinton a clean opinion; city hears midyear finance update and approves budget amendments
Summary
Independent auditors issued a clean opinion on Clinton's 2024 financial statements while reporting two findings: a recovered $85,000 duplicate payment and a roughly $3,000 overspend in a drug enforcement fund.
Clinton's independent auditors delivered a clean opinion on the city's 2024 financial statements and reported two audit findings, city officials said during the council meeting.
Scott (auditor) told the council the city's net position increased by about $4 million in 2024 and total revenues rose to roughly $29 million from $26.5 million the prior year, driven by stronger sales and property tax collections and a change in the school funding formula. The general fund's unassigned fund balance at year-end was reported at about $8.5 million, approximately 45% of annual expenditures.
In the auditors' report on internal controls, the auditors noted two issues: a duplicate payment of $85,000 on a construction invoice that…
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