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City manager: audit late but "no financial crisis"; council to post statement
Summary
City Manager told the council the city missed the audit deadline but has hired finance staff and is working with auditors and JLAC; he said there is no financial crisis, anticipated limited shortfall of up to two months of half‑cent sales tax, and that staff expects to submit audit materials by April.
The city manager gave a public update on the status of the city’s delayed audit and recent state inquiries, saying the city had missed the statutory audit deadline but that staff have hired a new finance director and contract accountant and are working with long‑time auditors to complete the audit. He said the city had met with the…
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