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Audit finds Powell in compliance and with healthy fund reserves
Powell City Council · November 3, 2025
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Summary
An independent auditor told the Powell City Council the fiscal-year audit found the city’s financial statements in compliance with U.S. GAAP, no material weaknesses in internal controls, federal awards of $1,169,000 and generally healthy reserve levels across funds.
An independent auditor told the Powell City Council the city’s financial statements were presented in accordance with generally accepted accounting principles and that auditors found no significant deficiencies or material weaknesses in internal controls.
"We found the city to be in compliance with all of those…
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