Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City receives clean FY2024 audit; BLW reports revenue gains and a 4% water pass-through increase
Summary
Auditors issued an unmodified opinion on Marietta's FY2024 annual comprehensive financial report. The Board of Lights and Water reported higher operating revenues and a 4% pass-through water rate previously approved in BLW policy updates; the council voted to forward the audit to the full meeting and post the report online.
Marietta received an unmodified ("clean") audit opinion for fiscal year 2024, auditors told the council at an agenda work session, and the Board of Lights and Water (BLW) reported year-over-year revenue growth in its largest enterprise fund alongside administrative actions including a 4% pass-through water rate implemented through BLW policy language.
Jenny Harris, senior manager at NicholsCauley (the city's audit firm), told the council the auditors'opinion on the basic financial statements was "unmodified or clean," and that the report had been filed with required agencies on Dec. 31, 2024. NicholsCauley said the city expects to receive the Government Finance Officers Association certificate of excellence again this year.
Why it matters: A clean opinion indicates auditors found no material misstatements in the basic financial statements and no reportable findings from the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
