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Morganton council accepts clean audit; auditor flags depreciation disclosure for LGC
Morganton City Council · December 2, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Council accepted the annual audit containing an unmodified (clean) opinion. Auditor highlighted strong fund‑balance figures and noted accumulated depreciation exceeding 50% triggers a Local Government Commission disclosure and recommended corrective action planning.
Morganton’s city auditor presented the annual audit at the Dec. 1 meeting, reporting an unmodified (clean) opinion and no findings.
The auditor pulled out key figures: a reported general fund balance of $48,000,003.97, a strong trend in fund balances, and a…
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