Del City audit: auditors report $1 million general‑fund deficit, two budget findings and bank‑reconciliation issue

Tamara of HBC CPAs presented the city's independent audit for the fiscal year ended June 30, 2024, telling the Del City City Council the firm issued a clean opinion on the basic financial statements but found three material control and reporting issues.

“In our opinion, the financial statements referred to above present fairly in all material respects,” Tamara said, and later pointed to three findings in the auditors' report: an unassigned general‑fund deficit, multiple negative budget variances, and unreconciled bank balances following a conversion to new financial software.

Why it matters: the audit is the city's primary independent check on its financial statements and compliance with federal funding requirements. A clean opinion means the statements can be relied on by users,…