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City audit returns clean opinion; auditors highlight increased available fund balance and grant-driven changes
Summary
Martin Starnes & Associates told the council it issued an unmodified (clean) opinion on Hickory's 2025 audit, noting increases in unassigned and available general fund balances, grant activity affecting restricted intergovernmental revenues, and healthy enterprise fund quick ratios; the final report and OMB compliance supplement are expected in January.
Martin Starnes & Associates presented Hickory’s annual audit at the Dec. 16 council meeting and issued an unmodified (clean) opinion, the auditing firm’s senior manager, Cassie Wilson, told council members.
Wilson said the city's unassigned general fund balance and available general fund balance increased for the year, and she described how the Local Government Commission (LGC) calculates "available" fund balance for comparability across units.…
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