What you need to know Covington’s annual financial audit has come back clean for the third year in a row. Additionally, fiscal year 2025, which concluded June 31, was the first time since fiscal year 2021 that the city’s general fund closed the fiscal year with revenues exceeding expenditures, i.e., without a deficit. The general […]
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Independence financial audit comes back clean
The city of Independence’s annual financial audit has come back clean. John Chamberlin, an accountant from Chamberlin Owen, the firm that performed the audit, presented the audit’s results to the Independence City Council on Monday. His audit findings came back with an “unmodified” opinion of the city’s financials, meaning they didn’t find any problems. “We […]
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Fort Wright remains in good financial position, audit finds
Fort Wright’s 2023-2024 financial audit shows the city is in a sound financial position, according to city officials. John Chamberlain from Chamberlain Owens & Co. Inc. presented the city council with the audit report at the March 5 meeting. Chamberlain found no material weaknesses or significant deficiencies in internal control and no “instances of non-compliance with laws[.]” […]