Work Session Meeting

Peekskill Common Council · January 5, 2026

0:00/1:31

1:31:30

0:00

20:00

40:00

1:00:00

1:30:00

Audit presentation: FY2024 financial results and 'clean' opinion

Presentation

1:30 → 19:05(17m 36s)

Jeff Shaver, partner at PKF O'Connor Davies, presented the auditors' report for the year ended 12/31/2024, saying the firm "issued what's known as an unmodified opinion on the financial statements," and noted there were "no instances of fraud" found. He walked the council through a budget-to-actual summary showing a roughly $2.1 million positive revenue variance largely attributable to ARPA funds, small underspending on appropriations, and a net general fund decrease of about $140,000. Shaver flagged restricted uses of a real estate transfer tax and gave a five-year fund-balance analysis (unag

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City council received a clean audit for fiscal year 2024, heard the Conservation Advisory Council annual report and a range of departmental presentations — including the fire department and youth bureau — and discussed several upcoming resolutions and project steps, before moving to an executive session.

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