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Jackson City audit committee hears external auditors warn fund balance fell below policy and notes $3 million budget overrun
Summary
At a special audit-committee meeting, external auditors presented their 6/30/2024 audit: they issued an opinion with findings on ARPA-related testing, flagged that unassigned fund balance dipped below the 25% policy to about 23%, and reported roughly $3,000,000 in expenditures over the adopted budget.
Unidentified Speaker 1 convened a special Jackson City Audit Committee meeting and invited public comment before the committee heard a detailed presentation from the city's external auditors on the 6/30/2024 financial statements.
A public commenter told the committee they had reviewed the audit report and related minutes and identified several errors in the published report, including incorrect officer listings on page 1 and an inaccurate component-unit address on page 29; the commenter also raised governance concerns about a 03/07/2023 ordinance that split the former budget-and-audit committee into separate budget and audit committees and questioned whether the audit committee's membership and election timing were being followed. "If you start on page 1 ... Johnny Dodd [is] listed as the secretary or as the vice mayor. He should be the treasurer," the commenter said. The chair said the committee would take those…
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