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Morgan City council tables final audit after auditor gives clean opinion
Summary
External auditor reported an unqualified (clean) opinion on Morgan City’s annual financials but council members asked for time to review the full report; council voted unanimously to table formal acceptance to the next meeting.
Chuck Palmer, the independent auditor, presented Morgan City’s annual financial audit to the City Council on Jan. 28 and said the firm issued an unqualified opinion — commonly referred to as a “clean” opinion — meaning the audit found no material misstatements in the city’s financial statements.
Palmer summarized highlights from the report: governmental fund balances declined modestly because capital projects were completed, enterprise funds (water, sewer, electric, sanitation)…
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