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Budget committee reports unmodified audit and modest positive revenue variance through Q2
Summary
The Budget, Finance and Economic Development Committee reported that Lexington’s FY2024 comprehensive financial review received an unmodified audit opinion; revenues were about 2.6% above budget through the second quarter, and the new auditing firm Crossland is testing federal major programs to meet federal coverage requirements.
LEXINGTON, Ky. — The Budget, Finance and Economic Development Committee delivered a report at the Feb. 18 council work session summarizing the committee’s Jan. 21 meeting, including a presentation of the fiscal year 2024 comprehensive financial review.
Committee Chair James Brown said the committee unanimously elected him chair and Councilmember Ellinger as vice chair and approved a prior…
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