City receives audit from new firm

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During regular session of the Clifton City Council on Tuesday, Feb. 12, Danny Wright of Cunningham, Shavers, Christensen & Wright, LLP, presented the fiscal year 2011-2012 audit to the council. Wright reported that everything in the audit was “materially correct,” noting that after reviewing all the respective financial position of the governmental activities, the business-type activities, and each major fund, along with the aggregate remaining fund information for the city, ended in conformity with the accounting principals generally accepted. However he noted that working with budgets, the city should never consider “receivables” until the money is there.

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