Boca Raton reports clean audit, $1.4 billion in assets; investment returns about 3%
City staff presented the FY2023 Annual Comprehensive Financial Report and an unmodified audit opinion, highlighting roughly $1.4 billion in assets, a net position near $1.0 billion and investment yields around 3%; auditors reported no material weaknesses and single-audit testing raised no findings.
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Carlisha Jenkins, the city's accounting manager, presented Boca Raton's Annual Comprehensive Financial Report for the fiscal year ended Sept. 30, 2023, and said the independent auditors issued an unmodified ("clean") opinion on the financial statements.
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