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Committee reviews January financials and advances renewal of city audit contract
Summary
Officials said general and utility fund balances appear low on summary charts, the city repaid about $1 million after prior projects had ineligible costs, and the committee moved forward an extension with the city's auditing firm by consensus instead of soliciting new bids.
Committee members reviewed the city's January revenue and expenditure report and raised concerns about fund balances and past‑due receivables. The chair noted that the general fund and utility fund appeared as zero on the chart even though bank balances exist and that the major road cash balance is low after covering certain expenses tied to water and sewer projects.
City staff said the city previously repaid approximately…
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