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Hopewell staff present preliminary FY25 figures; auditors deliver draft FY22 ACFR with repeated internal-control findings
Summary
Deputy city manager Stacy Jordan outlined preliminary FY25 revenues and fund balances while auditors presented a draft FY22 ACFR noting recurring material weaknesses in internal controls; city staff provided a timeline for completing outstanding ACFRs through FY25.
Stacy Jordan, deputy city manager and chief financial officer, presented preliminary fiscal-year 2025 figures to the Hopewell City Council, saying citywide revenues are up modestly but general fund revenues are roughly $473,000 lower than the prior year largely because of reduced ARPA funding and declines in certain tax categories. She told council the preliminary general-fund balance would be about $28,000,000, noting the…
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