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Carrollton finance chief presents clean audit, outlines bond authorization and debt strategy
Summary
CFO Diane Von presented the annual comprehensive financial report, highlighted a clean audit opinion, rising capital investment and debt metrics, and explained the city’s approach to selling bond authorization in phases; council asked about economic-development steps to protect sales-tax revenue.
Diane Von, Carrollton's chief financial officer, summarized the city's annual comprehensive financial report and its fiscal health, telling council members that auditors issued unmodified, clean opinions and that the city met a 120-day best-practice target for reporting. "120 days is best practice for anybody who sells bonds... 180 days is your statutory requirement," Von said, and noted recent legislative changes make the 180-day timing consequential for future budget actions.
Von walked council…
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