City Council to Accept Financial Audit Report for 2023

Written By Tyler Burns

Bella Vista, AR – The Bella Vista City Council is set to review and accept the financial audit report for the year ending December 31, 2023, during their next session. The audit, conducted by Forvis Mazars, LLP, provides a comprehensive overview of the city’s financial health and compliance with regulatory standards.

Key Points:

  • Audit Findings: The audit report includes an unmodified opinion on the city’s regulatory basis financial statements, indicating no significant issues were found. However, it notes an adverse opinion on the U.S. GAAP basis, which is not uncommon for municipalities.

  • Financial Health: The report highlights that Bella Vista’s revenue has increased by 8.7%, reflecting a strong fiscal performance. Additionally, the city managed to keep expenses $855,000 below budget, demonstrating effective financial management.

  • Next Steps: The City Council will consider the audit’s recommendations to further enhance financial practices. Acceptance of the audit will ensure continued transparency and accountability in the city’s financial operations.

Tyler Burns
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