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Colfax accepts clean FY2023-24 audit; council raises manager spending cap and advances sidewalk ordinance
Summary
Auditors issued a clean opinion on Colfax—s fiscal 2023-24 financials; council accepted the report, approved raising the city manager—s single-purchase authority to $25,000, and introduced a revised sidewalk repair and maintenance ordinance that includes a 90-day repair window, extension options and a tax-roll payment option.
The Colfax City Council received and accepted the city—s fiscal year ended June 30, 2024, financial audit after Richardson & Company issued an unmodified (clean) auditor—s opinion.
"Overall, the city's financial condition has continued to improve," Ingrid Scheiplein, managing partner at Richardson & Company, told the council, adding that combined fund revenues exceeded expenses by about $1.3 million and that the general fund had roughly $3.7 million in unrestricted reserves. Scheiplein reported the sewer enterprise fund also increased reserves, reaching about $3.2 million, and noted the city's only long-term debt…
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