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Raytown auditors give city a clean opinion and outline ARPA spend-down, reserves
Summary
Auditors told the Raytown Board of Aldermen on May 20 that the city received a clean opinion on its 2024 financial statements, noted roughly $4.5 million in ARPA funds remain to be spent and praised the city's strong reserve position.
Raytown Mayor Michael McDonough and the Board of Aldermen received a clean audit of the city's 2024 financial statements and a compliance report for ARPA spending during their May 20 meeting.
Mike Roshek of Trout, Beaman and Company told the board, “It is a clean opinion,” and walked members through key figures from the audit, including an estimated $4,500,000 in remaining American Rescue Plan Act (ARPA) funds the city needs to spend and the city's consolidated cash balances. Roshek said the city did not take on new debt in 2024 and instead…
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