As is typical with any state audit, the report contained both good news...and less than good news. According to the audit summary:
Certain sources of revenue and expenditure categories in the preliminary budget are not reasonable and, at current rates, could potentially contribute to a depletion of the general fund balance within three to five years. Further, the city has not completely implemented recommendations contained in prior budget review letters issued between March 2009 and March 2016.
The complete report is HERE.
