Monroe audit: auditors issue clean opinion after $431,000 general fund surplus
City auditors gave Monroe an unmodified (clean) opinion on the 2024 financial statements and reported about $431,000 net income in the general fund, with healthy reserve levels across utility and operating funds.
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Justin Hoagland, a principal at Baker Tilly, presented the city's 2024 audit and told the council the firm issued an unmodified, or clean, opinion on the financial statements. "So we do issue what's called, an unmodified or a clean opinion on your financial statements," he said. Hoagland said the general fund recorded about a $431,000 net income for 2024 and called the city's fund balance and reserves "in a solid financial position."
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