City audit returns clean opinion; long‑range plan projects modest drawdown of unassigned general fund balance
City finance staff presented the Annual Comprehensive Financial Report and a 10‑year long‑range financial forecast. Auditors issued an unmodified opinion and noted no material internal control findings; staff said net position rose and projected a modest reduction in unassigned general fund balance over the forecast period.
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City finance staff and the city’s independent auditors on Monday presented the Annual Comprehensive Financial Report (ACFR) for fiscal 2024 and an updated long‑range financial plan, reporting a clean audit opinion and outlining revenue and expenditure trends through the late 2020s.
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