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Live Oak approves annual comprehensive financial report after auditors give clean opinion
Summary
Council accepted the city’s annual comprehensive financial report after auditors issued an unmodified opinion; staff reported fund balances, pension ratios and the audit firm’s contract status.
The Live Oak City Council voted Tuesday to accept the city’s annual comprehensive financial report for fiscal year 2024 after the auditing firm issued an unmodified opinion.
Finance staff presented highlights from the audit and the city’s year-end balances. Finance staff member Leroy Kowalik said the auditors issued an “unmodified opinion,” and staff reported no material misstatements or written findings.
Staff told the council…
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