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Auditors: Jamestown general fund fell $923,000 in 2023; ARPA spending drove revenue and expenditure spike
Summary
City auditors presented the fiscal 2023 audit noting a $923,000 decrease in the general fund balance to $8.3 million, heavy ARPA spending, delayed audit turnaround and internal-control recommendations including segregation of duties.
Independent auditors presented Jamestown’s fiscal year 2023 audit results at the March 10 meeting, reporting the general fund balance decreased by $923,000 to about $8.3 million and that nearly $10 million in American Rescue Plan Act (ARPA) funds were spent during 2023.
Karl Wittmer of the audit firm summarized required deliverables and compliance testing, and said the ARPA program was selected for federal compliance testing because the city spent nearly $10 million of ARPA money in 2023. “The audit of 2022 was significantly delayed. This one was…
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