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City treasurer: nearly $1.3M in federal funds triggers single audit; clerk readies files
Summary
City Treasurer Kelly Smith told the council the city spent almost $1.3 million in federal funds on the water fund, triggering a FY2024–2025 single audit; the clerk reported records are prepared and noted an additional PageFreezer invoice in the claims.
City Treasurer Kelly Smith told the council the city is required to have a single audit for FY2024–2025 because the water fund spent nearly $1.3 million in federal funds. She said the $1,000,000 threshold (previously $750,000) requires single audits and that next year the city will likely face two single audits — one for the water fund and another related to the Jefferson River Flood Mitigation project — each costing roughly $7,000.
City Clerk Crystal Turner reported she and Treasurer Smith had reorganized records in preparation for auditors and worked with the web-archiving vendor to avoid duplicative backups; she noted the additional PageFreezer invoice appeared in the claims for extra archived pages.
Smith characterized the grant funding as positive but noted the audit requirement and associated costs that accompany large federal awards.
