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Henderson audit finds no internal-control deficiencies; city posts fund increases
Summary
Auditor Matt Wood told the Henderson Board of Mayor and Aldermen that the June 30, 2024 audit found no internal-control deficiencies and described increases to several city fund balances and positive utility department net income.
Matt Wood, CPA of ATA, Inc., told the Board of Mayor and Aldermen on Jan. 9 that the city’s June 30, 2024 audit identified no deficiencies in internal controls and that the city is in good financial condition. "No deficiencies were found regarding internal controls," Wood said while summarizing the audit.
Wood reported the General Fund increased by $192,910 to an ending balance of $5,055,555. Other governmental fund changes reported included the Drug Fund increasing $2,466 (ending $34,956), State Street Aid increasing $10,329 (ending $191,940), Sanitation Fund decreasing $14,654 (ending $201,764), and the General Debt Service Fund decreasing $48,196 (ending $125,208). Utility department net income figures were Water $879,256, Sewer $33,782, and Gas $575,228.
Mayor Terry F. Bell and board members thanked Wood for the audit work. Assistant CMFO Alicia Holder was recognized by the mayor for her work on the city and utility accounting. Alderman Keith Smith said that another year with no findings "speaks volumes to the work and dedication of the employees involved."
The audit presentation was informational; no formal action on the audit was required at the meeting. The board proceeded to other agenda items after the presentation.
