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Lake Ozark annual audit shows clean bill of financial health
Dan Field
newsroom@lakesunonline.com
The City of Lake Ozark has received a clean bill of financial health for the fiscal year 2020.
Lindsay Graves, CPA, of Graves and Associates, presented the annual audit during the regular board meeting April 27.
She noted that the city had sound accounting and financial practices and meets most recommendations for communities of Lake Ozark’s size. One of the most important objectives which the city meets is having between four and six months of operating budget funds available in the various accounts.
She also commented that 2020 was “a good year” for the city financially despite the challenges communities and residents faced last year.