Audit Closing-Entry Deficiencies
Summary
The city's finances got a clean bill of health: a clean audit opinion, no federal single-audit findings, and about $4.5 million in general fund reserves. The one warning: stormwater revenue is thin, and a rate increase may be coming.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 8, 2026.
Impact analysis
General fund ended the year nearly break-even; stormwater shows an operating loss and may need a rate increase.
All residents benefit from a healthy city budget and strong reserves.
None identified, though stormwater customers could face higher rates.
Mentions & discussions (2)
Common Council - Jul 8, 2026
The city's finances got a clean bill of health: a clean audit opinion, no federal single-audit findings, and about $4.5 million in general fund reserves. The one warning: stormwater revenue is thin, and a rate increase may be coming.
Common Council - Jan 14, 2026
The city's audit again flagged deficiencies in closing entries because there isn't enough staff to separate financial duties. Auditors currently help complete the work.
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