City auditor issues unmodified opinion for fiscal year 2023–24; council hears presentation

City Council received the presentation and results of the independent audit for the fiscal year ending June 30, 2024. Yo and Yo CPAs issued an unmodified opinion — the highest level of assurance — indicating there were no material modifications necessary to the financial statements.

The auditor, Jamie Rivett, reviewed highlights: general fund revenues rose about $1 million year‑over‑year, driven in part by higher property tax revenues as taxable values increased; general fund expenditures increased by roughly $4 million, primarily because of higher spending in parks and recreation, the police department and subscription agreements (including an Axon agreement cited as approximately $1 million). The net effect was an increase in general fund balance of about $5.3 million, from approximately $56.3 million to $61.6 million at year end.

Rivett also summarized capital activity, reporting about $28.1 million in governmental capital outlay for the fiscal year with substantial investments in road infrastructure. The City continued to make actuarially determined retirement and retiree healthcare contributions. The auditors reported no material weaknesses or significant deficiencies in internal control and no instances of noncompliance identified in the audit of federal awards; the Coronavirus State and Local Fiscal Recovery Funds were audited as the city’s major federal program with no findings.

Council thanked the finance director and external auditors for completing the report; there were no substantive questions from council and no formal action was required during the meeting.