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Finance staff: Lakeville's 2024 results show higher-than-budget revenue and healthy fund balances; auditors report no findings
Lakeville City Council · July 29, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
City finance staff presented a high-level review of the 2024 financial statements and audit status, reporting generally positive fund balances and no auditor findings to date.
City finance staff presented a high-level review of the 2024 financial statements and audit status, reporting generally positive fund balances and no auditor findings to date.
Staff said general fund revenues were roughly $1.1 million over budget, including approximately $250,000 in interest…
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