Get email alerts on the Audit 2024 topic
No spam. Unsubscribe anytime.
Board accepts 2024 audit; auditors issue unmodified opinion
Summary
Forbus Mazars LLP presented the 2024 audit and issued an unmodified opinion; the board approved acceptance of the audit. Staff and auditors noted an increase in net position driven largely by airport investment and a year‑over‑year reduction in pension liabilities.
Forbus Mazars LLP presented the city’s 2024 audit and the board unanimously voted to accept the audit report.
Auditor David Coleman reviewed audit objectives (financial statements, state compliance, internal controls, federal awards) and reported an unmodified opinion — a clean audit. He highlighted a year‑over‑year increase in the city’s consolidated net position, citing airport investments funded by grants and a reduction in pension liabilities that together explained much of the change. Coleman said no material weaknesses or significant deficiencies were identified; a small number of single audit follow‑up items related to federal grants remain outstanding.
After the presentation the city attorney read a resolution accepting the audit and the board approved the resolution by roll call.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
