Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council accepts FY2024 audit and financial highlights; town earns GFOA recognition
Summary
The council accepted the Town’s audited financial statements and the condensed financial highlights for the fiscal year ending Sept. 30, 2024. Auditors issued a clean, unmodified opinion and reported no findings in the federal single-audit; staff noted GFOA awards for excellence in financial reporting.
The Little Elm Town Council voted to accept the town’s independent audit report (annual comprehensive financial report) and the condensed financial highlights for the fiscal year ended Sept. 30, 2024.
Finance staff and the town’s external auditor presented the results. The auditor, Rachel Ormsby of Forvis/Mazars, told the council the town received a clean, unmodified opinion on its financial statements and that the single-audit of federal grant programs (including ARPA and SAFER funding) found no material weaknesses or findings. “We received a…
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
