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Auditors give Kasson City an unmodified (clean) opinion for 2024
Summary
Smith Schaeffer told the Kasson City Council the firm is issuing an unmodified opinion on the city's 2024 financial statements and reviewed revenues, expenditures and fund balances; the council voted to accept the audit.
Kaylee Lent of Smith Schaeffer told the Kasson City Council the firm was issuing an unmodified opinion on the city's 2024 financial statements, describing the report as a clean audit that shows the statements are fairly stated in accordance with GAAP.
Lent summarized key revenue and expenditure items: taxable tax capacity is about $7.3 million; property tax levy accounts for roughly 51% of governmental revenues; tax collections this year were about $4.2 million with a levy increase…
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