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Glendora receives clean audit for FY 2023–24; general fund balance increased
Summary
Finance Director Kyle Johnson presented the annual comprehensive financial report for year ended June 30, 2024, reporting an unmodified auditor opinion, a $9 million increase in net position driven by capital project completions, and general fund reserves meeting policy; council received and filed the report unanimously.
Finance Director and City Treasurer Kyle Johnson presented the City of Glendora’s annual comprehensive financial report (ACFR) for the fiscal year ending June 30, 2024, saying the independent auditors issued an unmodified opinion and the government‑wide net position increased by approximately $9 million.
Johnson said the net position gain resulted mainly from completion of multiple capital projects such as…
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