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Lake Jackson accepts 2024 annual comprehensive financial report; auditor issues unmodified opinion
Summary
The city's auditors issued an unmodified opinion on the fiscal 2024 financial statements. Council voted to accept the Annual Comprehensive Financial Report (ACFR); auditors and staff highlighted storm-related FEMA reimbursements and a still-strong fund balance.
Lake Jackson officials accepted the city's Annual Comprehensive Financial Report (ACFR) for the fiscal year ended Sept. 30, 2024, following a presentation by the auditor who issued an unmodified opinion.
Senior auditor Robert Belt (Crow) told the council the firm was issuing an "unmodified opinion," the highest level of assurance, meaning required disclosures were included and the financial statements were materially correct. He highlighted key figures: general fund total revenues…
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