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City of Muscatine receives 'clean' audit report

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The City of Muscatine released it received a 'clean' audit report for the fiscal year ending June 30, 2024, according to an audit performed by Bohnsack and Frommelt LLP, certified public accountants,
The City of Muscatine, Iowa, has received a clean audit report for the fiscal year ending June 30, 2023, from the accounting firm of Carpentier, Mitchell, Goddard and Company, LLC. The audit, which was presented to the City Council, confirmed that the city's financial statements are fairly presented and in accordance with accounting principles generally accepted in the United States. This marks the 17th consecutive year that Muscatine has achieved an unmodified or "clean" opinion, indicating no significant issues or discrepancies in its financial reporting. The audit also highlighted the city's strong financial position, with a net position of $178.7 million, and noted that the city's general fund balance increased by $1.3 million, showcasing effective financial management and stability.

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[ https://www.msn.com/en-us/money/economy/city-of-muscatine-receives-clean-audit-report/ar-AA1vDjCz ]