Update on City Financial Reporting

At the March Board of Aldermen meeting, the City voted not to renew its agreement with the outside accounting firm that had been preparing monthly financial reports.

Under that agreement, the firm’s role was limited to compiling financial statements using information provided by the City. The firm did not verify the accuracy or completeness of the data, conduct an audit, or provide any level of assurance on the financial statements.

In addition, monthly reports were typically shared at Board meetings, which limited opportunities for advance review and ongoing access to financial information by City leadership.

As a result, the Board is now evaluating how best to move forward with financial reporting in a way that supports transparency, accuracy, and effective decision-making.

Residents will be updated as decisions are made.

Updated April 13th, 2026

A special meeting has been scheduled for 4/14/26 at 6pm to discuss next steps, which may include:

- How monthly financial reports will be prepared going forward

- Whether additional review or oversight of financial data is needed

- How financial information is shared with and accessed by the Board

No changes have been made to the City’s underlying financial records or operations. This discussion is focused on how financial information is compiled, reviewed, and presented.

Residents will be updated as decisions are made.