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Finance director reports unmodified FY2024 audit; committee votes to revisit audit at next work session
Summary
Finance Director Rachel Nichols presented the fiscal year 2024 comprehensive annual financial report and said auditors issued an unmodified opinion. The committee voted to place the audit on the April 8 work session agenda for additional questions; the roll-call showed 5 yes and 2 no votes on that procedural motion.
Finance Director Rachel Nichols presented the City of Gallatin's fiscal year 2024 comprehensive annual financial report (audit) to the council committee on March 25. Nichols said the auditors issued an unmodified opinion, meaning the auditors did not require changes to the city's financial presentation.
Nichols walked committee members through summary highlights: the city's net position increased by about $25 million from the prior year, of which roughly $13 million…
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