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Auditor gives Sunnyvale clean opinion on FY2023–24 financials; auditors and staff flag large water‑purchase/billing discrepancy
Summary
External auditors presented an unmodified opinion on Sunnyvale’s fiscal‑year 2023–24 annual comprehensive financial report, noting healthy fund balances and recommending award renewal for financial reporting. Councilors questioned a roughly 200 million‑gallon difference between purchased and billed water; staff said public works will investigate.
The Sunnyvale Town Council heard a presentation on March 10 of the town’s Annual Comprehensive Financial Report for the fiscal year ending Sept. 30, 2024, and received an unmodified (clean) auditor’s opinion from Pattillo, Brown & Hill. Auditors said the town’s unassigned general‑fund balance was about $4.8 million (roughly 33% of yearly expenditures) and the utility fund showed unrestricted equity of about $9.2 million.
Chris Pruitt, an audit partner, told council the financial statements were materially correct and that the town’s report likely met criteria for the Government Finance Officers Association excellence award. He described the management discussion and notes as resources for council review and directed council to supplemental schedules providing 10 years of trend data in the statistical section.
Staff and public questions: During the presentation, a council member asked about an entry in the statistical section showing gallons purchased versus billed; the report’s table reflected a difference of roughly 200 million gallons between water purchased from the regional supplier and water billed to residents. Staff said the difference can reflect unbilled water uses such as leaks and system losses and that public works would follow up to identify specific causes.
Recognitions and certificates: The council also recognized the finance department for receiving an Investment Policy Certificate of Distinction from the Governmental Treasurer’s organization (PFIA compliance award) and Chief Building Official CJ Jarecki for earning the International Code Council’s Master Code Professional designation.
What’s next: The presentation was informational; no formal action was required. Staff agreed to follow up on the water‑purchase vs. billed‑volume discrepancy and report back to council.
