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Independent audit: Lockhart posts unmodified opinion, general fund reserves rise to 73% of expenditures
Summary
Brooks Watson and Company issued an unmodified (clean) opinion on the City of Lockhart’s FY 2024 annual comprehensive financial report; the city’s unassigned general fund balance rose to approximately $11 million (about 73% of general fund expenditures).
An independent audit by Brooks Watson and Company produced an unmodified (clean) opinion on the City of Lockhart’s fiscal year‑ending 2024 annual comprehensive financial report, the council heard. The auditors and city finance staff presented highlights, including growth in reserves and selected fund performance.
Finance Director Keeley (first name not specified in the record) told council that the city’s Home Rule Charter requires an annual audit and noted Brooks Watson and Company is on year four of…
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