Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance director briefs council on 2023 audit: net position up, restatements made, new ERP planned
Summary
Deputy City Administrator/Finance Director David Goldman presented the 2023 audit results: net position increased by about $12 million, staff restated classifications of fund balances and investments to align with GASB guidance, and the city plans ERP implementation and revised procedures to prevent recurrence.
Finance Director David Goldman presented the city’s 2023 audit results in an information session Jan. 7. The report to council was informational; no council action was required.
Key findings: Goldman said the city’s overall financial condition improved in 2023 and reported that net position increased by about $12 million. Staff restated certain 2023 financial statements to correct classifications of fund balances and the allocation of investments between funds; those…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
