Friday, May 27, 2022
Finance Director: City Close To Completing Next Delayed Audit

Finance Director: City Close To Completing Next Delayed Audit

(GDN) — The City of Goldsboro continues to make headway on its delayed audits. 

Goldsboro Finance Director Catherine Gwynn provided an update on the audit at Monday’s city council meeting. 

Gwynn says the 2020 Fiscal Year audit will likely be ready and presented to the council at its March 7th meeting. 

That leaves just the audit for the 2021 Fiscal Year outstanding. 

Gwynn is also hopeful the city will complete its 2021 audit by the end of June, but she admits “it’s going to be tight.” 

Once those delayed audits are complete and submitted, Goldsboro will have until December 1st to submit the audit for the 2022 Fiscal Year (the current fiscal year).

Due to multiple years of delayed financial audits, the State Auditor has been asked to investigate Goldsboro’s fiscal records. 

Goldsboro is on the Local Government Commission Unit Assistance List, where local government units experiencing an array of deficiencies are placed for heightened monitoring.

Goldsboro Finance Director Catherine Gwynn discusses the financial audits at the city council meeting on Feb. 7.
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