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Council committee receives FY 2023–24 audit summary; auditor offers continuity after firm split
Summary
Laurie Milosevic, the city’s auditor, told the Committee of the Whole on Jan. 28 that the fiscal year 2023–24 audit shows largely stable finances across funds and generally positive pension results.
Laurie Milosevic, the city’s auditor, told the Committee of the Whole on Jan. 28 that the fiscal year 2023–24 audit shows largely stable finances across funds and generally positive pension results.
Milosevic summarized the report’s highlights, saying the general fund ended the year with a net increase in fund balance, motor fuel tax receipts fell with the end of Rebuild Illinois funding, and ARPA receipts and expenditures approximately matched so only about $65,100 remained. She said total governmental assets reported were roughly $46 million and…
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