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Clearlake auditors report clean opinion on FY 2020–21 financials; fund balance rose after PG&E settlement
Summary
Auditors VanLant & Finkenhill presented a clean (unmodified) opinion on the city's FY 2020–21 financial statements, reported a roughly $400,000 increase in net pension liability for that year, and said the city's fund balance rose by about $14 million largely due to a settlement with PG&E; one finding remains on timeliness of statements.
Clearlake — The audit firm VanLant & Finkenhill told the council the city's financial statements for the fiscal year ended June 30, 2021, received an unmodified (clean) opinion.
Brett VanLant, the audit partner, explained the audit process and said the firm found the financial statements fairly presented in accordance with…
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