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Auditor briefs council on financial highlights, internal controls and long-term debt
Summary
A municipal auditor reviewed Pomona Park's financial position, highlighting long-term debt, capital assets and internal control observations; the council received the report and thanked staff for audit cooperation.
Brendan McKitrick of James Moore presented the town's audit overview, reviewing the General Fund, total expenditures, special revenue funds, long-term debt and capital assets and noting routine comments on internal controls and compliance. McKitrick thanked town staff "for all the work that goes into the audit process," drawing praise from council members for staff support of the audit.
Finance Officer Jennifer Paul had previously provided the Check Register and Trial Balance for council review; the presentation underscored the need for continued monitoring of expenditures and reserves as council plans for the upcoming fiscal year. No formal action was recorded on the audit presentation at the meeting.
