Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Audit: Waukesha Water Utility posts clean opinion; cash reserves and debt coverage remain strong
Summary
Auditor Baker Tilly issued an unmodified (clean) opinion on the utility's 2024 financial statements. The commission heard metrics on rate of return, debt coverage and cash-on-hand during the commission's June 19 meeting.
Waukesha — Auditor Jody Dobson of Baker Tilly told the Waukesha Water Utility Commission on June 19 that the 2024 audit resulted in an unmodified, or clean, opinion and that key financial metrics indicate the utility remains in a stable position despite recent capital spending.
Dobson said the auditor reviewed changes from 2023 to 2024, applied testing procedures and concluded the financial statements fairly present the utility’s financial position and results of operations. She told commissioners there was one new accounting standard in effect related to compensated…
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
