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City accepts FY2023–24 comprehensive financial report showing $661 million net position
Summary
Finance director John Furtado presented the city’s FY2023–24 Comprehensive Annual Financial Report; council received the audit, which returned an unmodified (clean) opinion, and unanimously approved the report.
The Fairfield City Council unanimously accepted the city’s fiscal year 2023–24 Comprehensive Annual Financial Report (CAFR) and associated compliance reports on Jan. 21 after a presentation by Finance Director John Furtado.
Furtado briefed the council on high-level results, saying the city’s government-wide net position was $661 million across government and business-type activities. He reported total revenues of $303 million and…
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