Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Independent auditor gives Collegedale a clean opinion, flags one policy gap on staff food purchases
Summary
An independent auditor told the commission Collegedale received a clean FY2025 audit opinion, highlighted $5.5 million in capital acquisitions and an audited accrual for compensated absences of roughly $600,000 that affected the governmental activities result; the auditor also noted the city lacks a written policy governing employee food purchases and expects a corrective policy within two weeks.
An independent auditor presented Collegedale—ity—ommission with the FY2025 audit and delivered a clean opinion while pointing out a small number of technical accounting issues and one required policy correction.
The auditor told the commission that during the year ended June 30, 2025, the city acquired about $5,500,000 in capital assets and that governmental activities recorded an increase in liabilities in part because the city was required to book accrued sick leave for the first…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
