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Auditor gives Morganton an unmodified opinion; council accepts audit and notes LGC reporting requirement
Summary
The city's auditor reported an unmodified (clean) opinion with no findings, highlighted strong fund balances and cash metrics, and noted a required Local Government Commission (LGC) response due to accumulated depreciation exceeding 50%; council accepted the audit and staff committed to file the corrective-action plan.
MORGANTON, N.C. — Morganton's independent auditor presented the annual financial audit on Dec. 1 and issued an unmodified (clean) opinion with no findings, and the City Council voted to accept the audit report.
The auditor detailed key measures: general fund balance reported at about $48,000,004; strong collection percentage for property taxes (about 97.44%);…
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