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Weed City accepts FY22–23 audit; $7 million settlement largely deferred for infrastructure
Weed City Council · September 13, 2024
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Summary
Council accepted the FY22–23 audit and approved Resolution 42‑2024 after an auditor report that praised staff progress. The auditor said the city received roughly $7 million in settlement proceeds and recorded about $4.5 million as deferred revenue to fund infrastructure work.
Weed City Council unanimously accepted the fiscal year 2022–23 basic financial statements and authorized filing of the audit with a motion adopting Resolution 42‑2024.
The auditor told the council the review proceeded smoothly and commended city staff for improvements over prior audits. "As you…
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