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Council receives and files city’s FY 2023–24 comprehensive financial report; auditors issue unqualified opinion
Summary
The City Council received and filed the City of Folsom’s annual comprehensive financial report for the year ended June 30, 2024. Finance Director Stacy reported an unqualified audit opinion, an unassigned fund balance of $24.9 million (21.6% of expenditures), and submission to the Government Finance Officers Association awards program.
The Folsom City Council voted to receive and file the City of Folsom’s annual comprehensive financial report for the year ended June 30, 2024.
Finance Director Stacy told the council the annual audit had been completed and the city received an "unqualified opinion confirming that our financial statements are presented fairly and…
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