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Danville Planning Commission accepts FY2024 audit, reapproves financial statements
Summary
Auditor Chad Robinson told the Danville Planning Commission the FY2024 financial statements received an unmodified opinion; the commission reapproved the 2024 financial statement and accepted the midyear financial report. Auditors noted a pension-related negative net position and a segregation-of-duties comment owing to small staff.
The Danville Planning Commission on a voice vote accepted the fiscal year 2024 audit and reapproved the city's 2024 financial statements, after a presentation by auditor Chad Robinson of Kerbal, Roads and Butler.
Robinson told the commission the audit opinion was unmodified and that the financial statements were "materially correct," the standard the city seeks. He said the city ended the year with a net position of negative $153,949 and explained that the deficit is "directly attributable to the net pension liability." Robinson said that the pension number does not represent a cash bill the…
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