Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Sunbury finance staff presents unaudited GAAP statements showing $6 million net position increase
Summary
Finance staff reviewed unaudited generally accepted accounting principles (GAAP) financial statements for the fiscal year ending Dec. 31, 2024, noting a roughly $6 million increase in the city's net position and a $1.85 million rise in the general fund balance. Committee members discussed the accounting change and restricted resources.
Sunbury City finance staff presented unaudited GAAP financial statements for the fiscal year that ended Dec. 31, 2024, and briefed the finance committee on key highlights and a restatement required by the accounting change.
The management discussion and analysis portion of the packet shows the city’s total net position increased by about $6,000,000 compared with 2023, while the general fund balance rose roughly $1,850,000 (about 24.15% over 2023). Finance staff told the committee these are unaudited statements and that an independent public…
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
