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Auditor: Galesburg receives clean 2024 audit; no internal-control findings
Summary
External auditor Sebastian Dabrowski told the council the city’s 2024 financial statements received an unmodified (clean) opinion, the single-audit of federal grants had no findings, and the TIF 4 review was clean; councilors asked for follow-up pension detail.
Sebastian Dabrowski, a senior audit supervisor with Baker Tilly, told the Galesburg City Council on July 7 that the audit of the city’s fiscal year ending Dec. 31, 2024, resulted in an unmodified (clean) opinion on the financial statements.
"We did not have any findings. Your internal controls are operating appropriately right now," Dabrowski said, noting the firm also issued a clean single-audit on federal grant expenditures, including Community Development Block Grants, and a clean review of TIF 4 spending.
City staff provided the annual comprehensive financial report (ACFR) and associated schedules; Dabrowski recommended stakeholders read the management’s discussion and analysis for a 10‑year trend perspective. Council members sought additional detail on pension funding and fund-balance uses. Dabrowski said total net position increased by about $8 million year-over-year while total ending fund balances declined by a little over $3 million, and he emphasized looking at 10‑year pension trends rather than single‑year swings.
Finance staff and the auditor committed to follow-up on pension-status slides and to provide more granular information on the city’s net pension liabilities and funding strategies. The council had no further audit findings and accepted the report as presented.
