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City of Palm Beach Gardens receives clean audit for FY2024; general fund balance reported near $95 million
Summary
Independent auditors delivered a clean opinion on the City of Palm Beach Gardens’ fiscal year 2024 financial statements and reported a general fund balance of approximately $95 million, of which about $60 million is unassigned and available for future use, officials said.
City of Palm Beach Gardens officials on June 11 presented the fiscal year 2024 Annual Comprehensive Financial Report (ACFR), and the city’s independent auditors issued an unqualified (clean) opinion on the financial statements for the year ended Sept. 30, 2024.
Deputy Finance Administrator Kadeem Ramirez introduced Nicholas Martin, audit senior manager with CBIZ CPAs, who summarized the audit and highlighted the clean auditor’s opinion. “In our opinion, the accompanying financial statements ... present fairly in all material respects,” Martin told the council, calling that result the “only opinion that the city would like to be associated with.”
Key figures and findings The auditors’…
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