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Lexington receives clean audit but council delays formal approval to review 286-page report
Summary
Martin Starnes auditor Cassie Wilson presented an unmodified opinion on Lexington's FY 2023–24 financial statements and recommended follow-up on some LGC performance indicators; council members asked for time to review the full audit and plan a December special meeting before formal acceptance.
Council received a presentation of the City of Lexington’s Annual Comprehensive Financial Report for the fiscal year ending June 30, 2024. Cassie Wilson of Martin Starnes & Associates told council the firm issued an unmodified opinion on the financial statements — commonly described as a clean audit — and summarized key figures and items the Local Government Commission (LGC) flagged for follow-up.
Wilson reported the city’s unassigned general fund…
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