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Valdosta audit shows healthy general fund, auditors issue clean opinion
Summary
An external audit found Valdosta—s general fund in solid health: about $43M in revenues, heavy reliance on property taxes, a year-end fund balance equal to roughly 193 days of expenditures, and an unmodified audit opinion with no findings.
An external auditor presented Valdosta—s annual financial report to the City Council, saying the general fund recorded about $43,000,000 in revenues and roughly $39,000,000 of that came from property taxes. The auditor highlighted a year-end fund balance equal to about 193 days of operating expenses — roughly 6— months — and a five-year growth in fund balance from…
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