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Hopewell finance director reports improving revenues, timetable to complete delayed audits
Summary
Finance staff reported May revenues up year-over-year and laid out a schedule to complete outstanding annual comprehensive financial reports (ACFRs): 2022 by 06/30/2025, 2023 by 09/30/2025 and 2024 by 12/31/2025, with FY25 efforts underway.
The city’s finance director told council Tuesday that citywide revenues are trending higher year-over-year in May and provided a timetable to clear a backlog of annual comprehensive financial reports (ACFRs).
Stacy Jordan said May revenues were roughly $1.2 million (0.42%) higher for the current fiscal year compared with last year, while expenses were running higher primarily because of salary…
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