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Smithville board directs cuts and holds in FY26 budget after state audit notice
Summary
After receiving official notice of a state audit, Smithville board members directed staff to remove or delay several FY26 funded items to cover a potential $125K–$150K audit cost and asked staff to present a revised recommended budget for first reading on Oct. 7.
Member 1, a board member, opened the meeting by saying Smithville had received official notice that “we will be having a state audit,” and urged colleagues to reconsider roughly $450,000 in recommended FY26 funded items so the city can absorb an estimated $125,000–$150,000 audit cost without unduly depleting reserves.
The audit estimate was discussed as a high-end $150,000 assumption; Member 2 clarified the figure had been shown as if absorbed entirely in the general fund, while Member 1 noted the city customarily cost-shares external audit expenses (proposing a 70/30 split between the general fund and utilities as…
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