Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
San Dimas audit shows surplus, auditors give clean opinion
Summary
City staff reported a stronger fiscal year driven by higher interest income and use of ARPA funds; auditors issued an unmodified opinion and council received and filed the annual comprehensive financial report.
San Dimas' administrative services director presented the city's annual comprehensive financial report and auditors' findings, telling the City Council that the city closed the fiscal year with an increased net position and no significant audit findings.
"Our net position increased to 13,939,111," said Michael O'Brien, Administrative Services Director, reporting what he characterized as a 3.4 million improvement over the prior year and an unmodified (clean) audit opinion. O'Brien said the city's unassigned general fund balance rose to approximately…
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
