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Pryor Creek council acknowledges clean FY2024 audit; auditor reports no findings
Summary
Auditor Violet Kirkindall of Hood & Associates presented the June 30, 2024 independent audit, reporting that financial statements are presented fairly, total government‑wide net position is about $101.4 million and the audit identified no findings for the year.
Council members voted to acknowledge the independent auditors’ report for fiscal year ended June 30, 2024 after a presentation by Violet Kirkindall of Hood & Associates PC.
Kirkindall told the council the audit opinion was unmodified and the financial statements were presented fairly in all material respects under U.S. generally accepted accounting principles. She summarized key government‑wide and fund balances: total assets of about $119.73 million, total liabilities of $20.34 million, leaving net position near $101.40 million. On a fund accounting basis, government funds showed a net decrease in fund balance driven primarily by capital outlay.
Kirkindall also reviewed proprietary (business‑type) funds (rec center, golf course, municipal utility) and highlighted that total operating revenues were roughly $17.94 million and operating expenses about $18.28 million, with nonoperating revenues (sales tax, grants, investment income) improving the bottom line. She reported no audit findings for the fiscal year and walked the council through budget comparisons (general fund collected higher revenues than budgeted and expenditures slightly exceeded the final budgeted amount).
The council recorded a motion to acknowledge the audit and voted in the affirmative. The audit materials and the auditor’s high‑level summary were made part of the public record for the city.
