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Staff: financial reports on track; '23 audit draft to be ready next meeting
Summary
Staff told the council financial reports and the aging report are on hand, payables reduced balances, and the '23 audit draft will be ready at the next meeting while work on the '24 audit has already started.
Staff presented the financial reports, including an aging report that had declined after payables were processed, and confirmed the audit firm has started 2024 work. A staff member said the '23 audit draft will be ready by the next meeting and that anticipated audit charges for the next fiscal year should be lower because fewer adjustments will be needed.
"It will be ready next meeting for the '23 audit, and they have already started on '24," staff said, adding that the audit adjustments identified so far will be handled and that Daniel will be able to manage payments. Council did not take action but noted the timeline and asked staff to return with final audit paperwork.
