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Town receives unqualified audit opinion; revenues and fund balance increased
Summary
Carol Avery presented Fletcher's FY2023–24 audit, reporting an unqualified opinion from the LGC, increased cash and assets, and revenue gains driven by property tax and grant receipts; the town's available fund balance remained well above its 45% policy minimum.
Carol Avery presented the town's fiscal year 2023–24 audit and told the council the Local Government Commission had approved the audit and the town received an unqualified opinion.
Avery said the general fund ended the year with about $10.69 million in cash, including roughly $10.05 million in unrestricted cash and roughly $524,000 in restricted funds. Total assets rose to approximately $11.63 million, an increase she…
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