Auditors presented Dawsonville’s draft financial audit for the fiscal year ending June 30, 2024, reporting an unmodified (clean) opinion on the city’s financial statements.
Rachel Miller of the audit firm (stated on the record as Alexander, Allman, and Baines) told the council the audit includes a significant 29% increase in current assets, driven primarily by cash and accounts receivable, and an increase in total revenues from about $8.4 million to roughly $10.3 million. The audit showed unrestricted net position near $10.6 million, restricted capital-project funds around $4.0 million and an overall change in net position of nearly $4.0 million for the year. Business‑type activity revenue was noted as roughly 39% from water charges and 36% from sewer charges.
Miller said long‑term obligations are decreasing and that disclosed post‑June 30 items of note include GIFA loans and TSPLOST projects that could affect the city’s finances after the audit date. She encouraged council members to review the approximately 70 pages of supporting schedules and offered to answer follow‑up questions.
The audit presentation concluded with the auditor’s offer to provide additional detail on request; the firm noted Dawsonville previously received a Certificate of Achievement for Excellence in Financial Reporting and is seeking the same recognition for the current period.
Next steps: Council members and staff were encouraged to review the draft schedules and follow up with auditors for clarifications; the audit report will be finalized consistent with normal city procedures.