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Finance Committee hears audit update, staff targets January financial statements
Summary
City staff told the Finance Committee auditors are on-site to complete testing, airport lease present-value GASB work is finished, and staff still targets issuing the city's financial statements in January unless significant findings or scheduling conflicts arise.
City finance staff updated the Finance Committee on Dec. 16 about the 2024 audit timeline and work in progress.
Unidentified Staff (S2) said auditors were on-site for several days to finish testing related to community and economic development and that the airport present-value requirements under GASB (Governmental Accounting Standards…
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