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Lucas council accepts clean audit, approves water contract and funds road and facility work
Summary
Council accepted the city's ACFR with an unmodified audit opinion, authorized a potable water contract with NTMWD, approved pursuit of a state grant for a storage tank, and approved roadway and building-improvement budget amendments including a 4-inch overlay on Orr Road.
The Lucas City Council’s March 5 meeting included a series of financial and infrastructure decisions.
Audit and ACFR: Brooks Watson & Company auditor Mike Brooks presented the City of Lucas Annual Comprehensive Financial Report for fiscal year 2024–25 and issued a clean, unmodified opinion. Brooks highlighted that total assets exceeded liabilities by about $101.7 million, governmental funds reported a combined ending fund balance increase of roughly $3.3 million, and the unassigned General Fund balance was reported at $11.5 million (approximately 144% of annual General Fund…
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