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City auditor gives Marysville a clean opinion; reports positive fund balances
Summary
Auditor delivered a clean opinion under the regulatory basis, reported no adjusting entries or statutory violations, summarized fund totals and noted major program testing (Clean Water State Revolving Fund) had no findings.
The city auditor presented Marysville’s annual audit and a required governance letter, delivering a clean opinion under the prescribed regulatory basis and reporting no adjusting entries or material control weaknesses.
The auditor summarized the city’s fund activity, noting beginning balances, receipts and expenditures and reporting the city finished the year with positive unencumbered cash across funds. The summary included a breakdown of debt and lease obligations (one bond outstanding, several finance leases and KDHE loans) and noted timely payments on all schedules.
The audit included a limited‑scope review of the library as a related municipal entity (saving the library the cost of its own full audit) and the auditor said the single‑audit testing of the Clean Water State Revolving Fund loan program produced no findings.
Council members thanked the audit team for the quick turnaround and for the clean results. The auditor said detailed footnotes and fund‑by‑fund schedules are included in the packet for council review.
Next steps: staff will file the governance letter and complete any required follow‑up documentation; no corrective actions were required based on the audit findings presented.
