Gainesville receives clean audit for Fiscal Year 2024; finances are accurate and transparent
Press release from City of Gainesville
GAINESVILLE, Fla. – For the second year in a row, the City of Gainesville has received a clean financial audit from external auditor Purvis, Gray & Company. The City’s Department of Financial Services completed the Fiscal Year 2024 Annual Comprehensive Financial Report (ACFR) on schedule with no findings. These results are confirmation the City is managing its finances with a high level of accuracy, transparency, and accountability.
This achievement is the result of a financial reporting strategy implemented by City Manager Cynthia W. Curry, who took the reins in November 2021 and immediately escalated the City’s financial health to the top of her list of priorities. In the past three years, she has installed key staff to manage the specialized work of government accounting and has worked to forge partnerships between departments while emphasizing fiscal education and training.
These improvements have led to a dramatic turnaround for the City, which last year ended a half decade of difficult financial reporting when the Fiscal Year 2023 ACFR received a clean financial audit from Purvis, Gray & Company. It also earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA), an honor expected for the Fiscal Year 2024 ACFR, as well.
“This is a continuation of a path toward improved financial health in all City operations,” said City Manager Curry. “The staff in our Department of Financial Services, led by Director Dennis Nguyen, are to be commended for a job well done.”
With a clean audit for Fiscal Year 2024 and with Fiscal Year 2025 at its midpoint, City Manager Curry is now turning to the task of creating a proposed budget for Fiscal Year 2026. This means working closely with department leaders to identify areas where spending can be reduced and resources optimized, while ensuring every dollar serves a clear purpose in advancing community priorities as reflected in the policies of the Gainesville City Commission.
“The goal is to manage public resources wisely,” said City Manager Curry. “With prudent planning and decision making, we will craft a responsible budget proposal that not only meets today’s needs but also positions our community for continued economic development and growth.”
The Fiscal Year 2024 ACFR was presented to the City Audit Committee on March 25. It next will be presented to the full Gainesville City Commission on March 27, where it is expected to be approved.
Y’all ought not pat yourselves on the back for being able to pass two basic audits in a row. Filing timely and accurate financials is standard operating procedure. You do not get a cookie for it!
The city’s balance sheet is still in major trouble. This audit doesn’t broach that subject.
A basic audit reviews expenses and internal controls. Assuming you are as ignorant as your comment maybe you are not aware of what an audit examines.
Any audit reviews basic accounting principles and controls in place to make sure there is not room for fraud. If an action fits outside of these parameters then there are comments made to make executives and the public aware. So clean audit no fraud not just meeting due dates dummy.
Nice post, good candidate for a round of “Spot The Logical Fallacy”… I see “ad hominem attack” and “strawman argument” for a start…
Laura, read the audit report. It is linked above. Here’s the pdf:
https://www.gainesvillefl.gov/files/assets/public/v/1/budget-amp-finance/documents/fy2024-acfr-final-city-of-gainesville.pdf
This audit has nothing to do with the financial position of the city. This audit only says the city is properly conforming to normal operating and reporting procedures, as required by law. The balance sheet is still upside down.
As I said, these people do not get to pat themselves on the back for this. It would be retarded for us citizens to set our expectations so low as to count this audit as a win.
They especially don’t get to praise themselves for spending our money on wokeness.
I wonder who’s pocket got greased to get a positive report.
“These results are confirmation the City is managing its finances with a high level of accuracy, transparency, and accountability.”
Well, they might be accurate, but that doesn’t make the accounting either transparent or accountable.
These inept and incompetent politicians have no concept of either staying within a budget or reducing it to fit the NEEDS of the citizens, instead of the WANTS of self important overlords. For example, they do not have $150,000,000 to completely rebuild Citizens Park, their latest example of stupidity.