Auditors brief Maumee City Council finance committee on draft 2024 audit, flag federal‑grant compliance and accounting change

Auditors from the firm Zoopka presented a high‑level overview of Maumee's draft 2024 financial audit during a Maumee City Council finance meeting, noting a change in accounting for a long‑term liability and that the city exceeded the federal single‑audit threshold for grant spending.

The auditors said the audit report has not yet been finalized and will undergo additional review by the state before public release. "This is Kyle, this is a public meeting," an auditor identifying himself as Kyle said during the presentation.

Why this matters: the auditors told council members that because the city spent more than $750,000 in federal grant funds in 2024, the audit includes a review of compliance with grant requirements and a Schedule of Expenditures of Federal Awards. The auditors also called attention to a recent change in the accounting standard affecting how a long‑term…