The Seymour City Council voted Nov. 20 to accept the independent audit for the fiscal year ended Sept. 30, 2024, after auditor Paul Fleming summarized the findings and answered council questions.

Fleming told the council the city’s financial statements "are fairly presented in accordance with all the standards," noting the general fund balance was "a little over $630,000," an increase of about $179,000 from the prior year. He said the water and sewer fund unrestricted net position was a little under $2,000,000 and the electric fund a little under $3,000,000. Fleming added that the city’s favorable results were aided by transfers from enterprise funds and that required financial‑statement disclosures and schedules were routine, with no compliance findings apart from timing issues related to catching up prior years’ audits.

Council members asked about cash balances and reconciliations; staff said they expect to complete internal adjustments and bank‑reconciliation training beginning Dec. 1 and aim to meet the new state audit timing requirement for FY2025. Following discussion, a motion to accept the audit was moved, seconded and approved by voice vote.