District staff showed balance-sheet snapshots over several years and reported a deterioration in cash versus liabilities in the most recent year; a preliminary FY25 audit is expected in one to two weeks to clarify balances and interfund receivables/payables.

Polk County finalizes preparations for 2024 audit while streamlining financial processes.

The committee approved contracts to bring back a prior consultant for audit prep and hire Watson & Yates LLC to redesign the county budget process, with staff citing Oracle implementation and new GASB work as reasons for temporary contract reliance.

After a comprehensive financial presentation from consultant Chip Stearns, the Newport City Council voted to renew a one‑year contract with NEMREC at a discounted $110 hourly rate; councilors said the consultant’s work helped clarify the budget and audit preparation.

Director outlines revenue and expenditure details ahead of upcoming audit with anticipated surplus.

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Officials said the Gravity/Grama reporting module contract remains under legal review and recommended postponing implementation until June 2026 so Baker Tilly can complete the city's external compilation and to avoid straining staff during concurrent audits.