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Comprehensive Annual Financial Report
Posted: Monday, December 21, 2020

Congratulations to the City of Ashland and its Accounting team! City Council received the FY2019-2020 Comprehensive Annual Financial Report (CAFR) at its December 15, 2020 meeting. Amanda McCleary- Moore of Moss-Adams, LLP presented the audit with an overview of the review conducted by her and her staff in accordance with state and federal guidelines. 
The City received an unqualified opinion indicating there were no material or significant deficiencies or weaknesses in the City’s reporting of its financial transactions or statements. Balances in the major operating funds continue to be stable according to Moss-Adams. 
This is great news as the City heads into the upcoming budget process anticipating some tough decisions due to the continuing impacts on revenues from the COVID-19 pandemic. Check out the FY2019-2020 CAFR on the City’s website here.  

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