Increased efforts by municipalities to minimize expenses have been vital for those entities to stay afloat during the economic downturn and will likely continue to be important for at least another two years, an auditor said.
Gerald Thibodeaux of Kolder, Champagne, Slaven & Co. presented Morgan City’s annual audit report for the year ended Dec. 31, 2016, during Tuesday’s City Council meeting.
Auditors issued unmodified opinions, the most favorable possible, on the city’s financial statements of the city’s governmental activities and each major fund.
As a whole, Thibodeaux called the audit “really, really clean.”
“It’s no surprise to anybody. Revenues ...