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Waynesville council accepts FY2024 audit; auditors note seven items needing LGC response
Summary
The Town of Waynesville council voted to accept the town's FY2024 audited financial statements after an auditor's presentation that included an unmodified opinion, financial highlights and seven performance items the town must respond to the Local Government Commission.
The Town of Waynesville council voted to accept the town's FY2024 audited financial statements after an outside auditor presented the results and recommended follow-up steps.
Tanya Coffey, who presented the audit for the firm on behalf of the absent lead auditor, told the council the firm issued an unmodified opinion on the financial statements and highlighted a $1.8 million overall increase in the town's fund balance for fiscal 2024. Coffey said the top three revenue sources'ad valorem taxes, other taxes and licenses (largely local option sales tax) and sales and services'accounted for roughly $13.9 million of the town's $17.2 million in total revenues. She said the town's property tax collection rate rose slightly to about 99.36%.
The au…
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