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Council hears auditor’s clean opinion as debate over water bills and recycling rises
Summary
Auditors issued a clean, unmodified opinion on the city’s 2023 CAFR; council members debated enterprise fund balances, an upcoming utility rate increase, and whether to continue curbside recycling (estimated savings of about $5/month). One councilmember urged delaying rate increases given a reported $41.1 million water/sewer fund balance.
The council received the city’s 2023 Comprehensive Annual Financial Report (CAFR) from independent auditors Mullen & Jenkins. Senior manager Lucas Hand presented an unmodified (clean) audit opinion for the financial statements and single audit, described one compliance finding related to timing of financial statement preparation and commended the finance staff for progress toward getting current statements prepared.
"We are issuing a clean and unmodified opinion," Hand told the council, and highlighted cash and investments of approximately $117 million in cash…
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