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Grain Valley auditors issue clean opinion, report stronger reserves

Board of Aldermen, City of Grain Valley, Missouri · July 9, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Trout Beeman and Company told the Grain Valley Board of Aldermen it issued an unmodified opinion on the city’s 2023 financial statements, highlighted roughly $25 million in unrestricted cash and stronger revenues, and recommended officials and residents review the MD&A in the audit report.

Trout Beeman and Company presented the City of Grain Valley’s audit for the year ended Dec. 31, 2023, telling the Board of Aldermen the firm issued an unmodified, or "clean," opinion on the city’s financial statements. "In our opinion, the accompanying financial statements present fairly, in all material respects," said Butch Beeman, managing partner at Trout Beeman and Company.

Beeman highlighted several key figures: unrestricted cash of "just a tad over $25,000,000," roughly $1.8 million higher than a year earlier; a decline…

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