Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Redevelopment agency accepts FY2024 audit and approves 2024 annual report for filing
Summary
The agency accepted the fiscal year 2024 audit (unmodified/unqualified opinion), approved the 2024 annual report and authorized filing with the state controller and related entities; auditors noted an unmodified opinion and highlighted developer receivables, OPA accruals and fund balances.
The Idaho Falls Redevelopment Agency voted March 20 to accept the fiscal year 2024 audit and to approve the agency's 2024 annual report for filing with the state controller and other required offices.
Stacy Lemon of Running Company presented the audit and said the firm issued an unmodified (clean) auditor's opinion. “We have issued an unmodified report which basically states that we believe that the financial statements are not materially misstated in any way,” Lemon told the board.
Key audit findings and figures Lemon highlighted include:
- Cash and investments: approximately $2,900,000 as of September 30, 2024. - Property taxes received in the year: about $1,400,000 (comparable to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
