Rangely council hears audit presentation; accepts financial statements with unmodified opinion

Auditor Marlo presented the draft financial statements, walked through the town's statements of net position and enterprise fund changes, and reported that the audit resulted in an unmodified opinion.

Marlo explained the audit scope—testing accounts payable, billing, and selected transactions—and noted that adjustments were minor. The presentation covered governmental and business-type activities (water, wastewater and gas), fund reconciliations and budget comparisons. Marlo told the council the general fund had increased net position while business-type activities decreased primarily due to depreciation, not cash outflows.

After the presentation a council member moved to accept the audit and financial statements; council members voiced assent and the motion carried. The auditor noted that the town should stay engaged with annual finance reviews and that staff will continue to work on capital projects and the upcoming budget schedule.

The council did not record a roll-call vote tally in the transcript; the motion was recorded as carried.