The Annual Audit was presented to the Mayor and City Council on Monday Dec. 17th at the Regular Monthly Council Meeting.. The audit this year was performed by the auditing firm of Walker, Pierce & Walker. The Audit presentation gave a detailed view of conditions (27 pages) during the fiscal year. In comparison to the previous year a number of entries had improved in cash balances to the benefit of the city.
The Opinion of the auditor was the stated as follows;
“In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities and each major fund information of the City of Lula, Georgia, as of June 30, 2018, and the respective changes in financial position and, where cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.”
The Annual Audit is sent to the State of Georgia for review and soon will be available electronicky as is previous years audits.
