Oak Grove’s financial statements for 2011 have been given a clean, unqualified opinion by the city’s auditors.
Matt Mayer of Kern, DeWenter, Viere, Ltd. presented the finding to the council at its June 25 meeting.
“It’s the best opinion we can give the city,” Mayer said.
Noted findings include a lack of segregation of accounting duties, an annual finding for the city.
In preparing the audit, the auditors worked with city staff and members of AEM Financial, which provides the city’s accounting services, to review financial statements from 2011.
Mayer said the city’s revenue “came right in on budget.”
Spending was $422,000 under the 2011 budgeted amount.
“There were savings across all budgets,” Mayer said.
As a result of these savings, the city’s general fund balance went up $704,000 in 2011.
Kelly Johnson is at [email protected]