Posted February 03, 2022 11:18am
(KLZA)--Julie Bauman, CPA, of Falls City presented the Fiscal Year 2020-21 Audit to the Pawnee City Council during their January 24 meeting.
Only one audit was required for the year and there were no adjustments to the financials.
The audit showed the City's Cash Position to be really strong totaling $750,598. The income statement showed the revenue and expenses for Total Net Position was $5,616,576. The audit also showed a positive cash flow balance.
There were no deficiencies noted in internal control that would be considered material weaknesses and there were no instances of noncompliance.