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Raeford council accepts FY2019 audit showing $846,885 net position gain
Summary
At its Feb. 3 meeting, the Raeford City Council unanimously accepted the FY2019 audit, which reported an unmodified opinion, compliance with laws and no material weaknesses; the audit showed a $846,885 increase in net position and a 156% governmental fund balance available percentage.
The Raeford City Council on Feb. 3 unanimously accepted the City’s Fiscal Year 2019 audit, Finance Director Scott Edwards reported during the meeting at James B. McLeod Council Chambers.
Edwards said the audit, produced by Haigh, Byrd & Lambert, LLC, provided an unmodified opinion — the highest level of assurance — and found the city in compliance with…
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