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Council accepts annual financial report; finance director outlines options to close $24M draft budget gap
Summary
Council unanimously accepted the city's audited annual comprehensive financial report; finance staff reported an unmodified opinion from auditors and presented options—vacancy budgeting, zero‑based review and one‑time funds—to address a roughly $24 million working shortfall in the FY27 draft budget.
The Reno City Council accepted the city’s annual comprehensive financial report (ACFR) Dec. 10 after auditors from Baker Tilly presented the audit results. Auditors reported an unmodified (clean) opinion on the city’s financial statements and said they had no reportable internal‑control findings. The single‑audit report for federal grants remained pending because the federal…
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