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Walnut Creek receives clean audit; council adopts annual comprehensive financial report
Summary
City staff told the council the city received a "clean opinion" on its Annual Comprehensive Financial Report and that the city's net position increased to $331 million. The council voted unanimously to adopt the report.
Walnut Creek officials adopted the city's Annual Comprehensive Financial Report for fiscal 2023—24 after Administrative Services Director Kirsten Lacasse told the council the auditor issued a clean opinion.
Lacasse said the city's net position ''an accounting measure that nets assets and liabilities'' rose to about $331,000,000, higher than the prior fiscal year. She told the council the city's general fund reserves meet or exceed…
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