Audit Committee 6.21.2024

Fayetteville City · June 21, 2024

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Call to order / attendance

Presentation

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Speaker 1 called the meeting to order and noted attendance: Speaker 1 and Speaker 2 present; several city staff (Paul, Kristen, Steve, Aaron) are present; John Reid and Charles absent (Charles noted to be in Ireland).

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The meeting covered Fayetteville City’s annual audit presentation, including an unmodified opinion on financial statements, treatment of a transferred firefighter pension plan, adoption of new GASB standards, and internal-audit updates on inventory and retirement-plan reconciliations.

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Transcript

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