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Council adopts FY 2023–24 audit with a clean opinion; members press staff on water and sewer accounting
Summary
Lowell City Council accepted the FY 2023–24 audit from Butler Stone, which issued a clean opinion. Council members pressed finance staff and the auditor for clarifications about water and sewer fund reconciliations, stormwater and grant accounting.
Lowell City Council voted to adopt the city—Y 2023'8'4 audit as presented by Butler Stone, after an auditor uthoritatively delivered a "clean opinion" and answered council questions about fund accounting.
Sheila of Butler Stone told the council the firm had completed the audit and that it met the requirements of the North Carolina statutes and the Local Government Commission, saying: "The opinion of Butler Stone was that there's a clean opinion, which means the city has met the audit requirements of the North Carolina statutes." She pointed council members to the…
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