Milton plans audit of city’s financial statements

Milton will audit the city’s financial statements for the Fiscal Year ended Sept. 30, 2021. (Courtesy City of Milton)

Credit: cus

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Milton will audit the city’s financial statements for the Fiscal Year ended Sept. 30, 2021. (Courtesy City of Milton)

Credit: cus

Credit: cus

Like most municipalities, Milton is required to have an annual audit of the financial affairs and transactions of all funds and activities of the city. At their most recent city council meeting, Milton agreed to employ Mauldin & Jenkins, LLC to audit the city’s financial statements for the fiscal year ended Sept. 30, 2021.

As part of the engagement, Mauldin & Jenkins will audit the financial statements of the governmental activities, each major fund and the required supplementary information. They will also provide a report on internal controls related to the financial statements and compliance with laws, regulations and the provisions of contracts or grant agreements.

The city will pay $33,000 plus an additional fee of $8,000 for each major program, to be assessed as part of the single audit required for federal grant purposes.