City Receives Best Independent Financial Audit in Years

At last night’s city council meeting, Mayor Gahan’s administration presented the State Board of Accounts Financial Audit to members of the council. Each year, the State Board of Accounts, an independent state agency, audits the city’s financials. The agency is “dedicated to providing the citizens of the State of Indiana with complete confidence in the integrity and financial accountability of state and local government.”

This audit received was “one of the best audits ever” for a city the size of New Albany, according to State Board of Accounts officials. The audit had zero “findings,” which is what the board uses to track recommendations or changes to financial practices. The financial audit also showed no “material weaknesses,” “deficiencies,” or “noncompliance” with respect to financial practices and/or laws.

“This is the best audit we could have asked for,” stated Mayor Jeff Gahan. “It proves the financial strength of the city, and should give residents confidence that their tax dollars are being responsibly used to provide support and services to the people of New Albany.”

A link to the full report can be found here: https://www.in.gov/sboa/WebReports/B53141.pdf