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Auditor gives Rochester a clean opinion; city reports $3.1 million general-fund surplus
Summary
Auditors told the council they issued an unmodified opinion on Rochester—ity—inancial statements for 2024. The city reported about $120 million in general-fund revenue and a roughly $3.1 million surplus that increased unassigned reserves.
The city auditor told the council on June 23 that Smith Schafer issued an unmodified opinion on Rochester—ity—inancial statements for 2024, commonly described as a clean audit opinion.
Jason Boynton, the lead auditor from Smith Schafer, said the audit is a group audit that depends on other firms uditing component units and utilities but that the firm concluded the statements are fairly stated under generally accepted accounting principles. "Based on the work, we issue an unmodified opinion," Boynton said.
The presentation reviewed the high-level financial results for 2024. Boynton said the city recorded about $120 million in general-fund revenues, with property taxes…
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