City Audit 2009

Local government agencies are required by law to have an independent audit of their annual financial statements. The purpose of this audit is for the independent audit firm to express an opinion about whether the financial statements are free of material misstatement and in conformance with generally accepted accounting principles and in compliance with the Government Accounting Standards Board statements. It is important to obtain an unqualified opinion for a clean audit for validation of the City’s financial management practices, to earn awards, and to receive an excellent bond rating.

At the end of each fiscal year the council is required to produce a full and complete examination of all the books and accounts of the city by competent certified public accountants licensed or certified under ch. 442 who shall report in full to the council. The summaries of the audit shall be presented to the Council and furnished to all newspapers and libraries of the city and to other persons who apply. The full report is in the Clerk-Treasurer’s Office and you are welcome to come in and review it if you wish.