2023 Financial Statement Audit
City of Albertville
2023 Financial Statement Audit
Introduction
Audit Opinion and Responsibility
General Fund Results
Other Governmental Funds
Enterprise Funds
Key Performance Indicators
2
Audit Results
Minnesota Legal
Compliance
No Compliance Issues
Unmodified Opinion
3
Audit Results
2023 Audit Findings
Limited Segregation of Duties
Internal Control Finding
4
General Fund FundBalances
5
General Fund Budget to Actual
6
General Fund Revenues by Type
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$-
TaxesLicenses and PermitsIntergovernmentalCharges for ServiceOther
202120222023
7
General Fund Expenditures by Type
8
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$180,000
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$160,000
$140,000
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$120,000
$100,000
;óŔóşĐĞƊ
$80,000
$60,000
$40,000
Economic
$20,000
Development Loan and
$-
ARPA Funds
$(20,000)
Committed Unassigned
202120222023
9
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DĞčƓ
¹ĞƆƮĿĐĞ
aƚşĖƊ
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ßóƓĞƆ
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Cash Flows from
Operations and
Cash Balances
12
¹ĞƯĞƆ
aƚşĖ
Cash Flows from
Operations and
Cash Balances
13
¹ƓŨƆŜ
ßóƓĞƆ
aƚşĖ
Cash Flows from
Operations and
Cash Balances
14
µĞĐƵĐŔĿşĴ
aƚşĖ
Cash Flows from
Operations and
Cash Balances
15
Cash and Investments Balances
by Fund Type
16
Taxes
Key Performance Indicators
17
Debt
Key Performance Indicators
18
Expenditures
Key Performance Indicators
19
Your Abdo Team
PhienDoan
Andy Berg, CPATyler See, CPAAlex Trippel, CPAJason Fagan
Intern
PartnerManagerSenior AssociateAssociate
phien.doan@abdosolutions.com
andrew.berg@abdosolutions.comtyler.see@abdosolutions.comalex.trippel@abdosolutions.comjason.fagan@abdosolutions.com
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