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Lexington receives clean audit; council to review ACFR in special December meeting
Summary
An independent auditor gave Lexington an unmodified opinion on its fiscal 2023–24 financial statements. Council members asked for time to review the Annual Comprehensive Financial Report before formally approving it and agreed to schedule a special December meeting so the Local Government Commission filing deadline is met.
Cassie Wilson, audit manager with Martin Starnes and Associates, told the Lexington City Council on Nov. 25 that the firm issued an unmodified opinion on the city’s fiscal 2023–24 financial statements.
“We did issue an unmodified opinion on the financial statements,” Wilson said, adding that auditors identified a small number of performance indicators and internal-control items that staff will address before final submission to the Local Government Commission…
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