KINGSPORT — Auditors have signed off on Kingsport’s finances for the 2013 fiscal year, giving the Model City a clean opinion, noting only one minor finding regarding the classification of a road improvement project.
Last week, the Board of Mayor and Aldermen reviewed the audit and heard a report from Richard Linnen with the Bristol, Va.-based accounting firm of Brown, Edwards and Co. that conducted the audit last fall.
The audit is a comprehensive review of the city’s finances for the year ending June 30, 2013.
Auditors reviewed the city’s general fund, water fund, sewer fund and other minor funds as well as the finances of Kingsport City Schools. The city’s general fund covers everything from city administration to police and fire services to the parks and recreation department.
For the 14th year, Kingsport finances received a clean opinion — the highest opinion offered — and for the 13th straight year the city received a certificate of achievement for excellence in financial reporting.
“Kingsport is in a very good financial position and very well run,” Linnen said.For an expanded version of this article, please see Sunday's print edition or our expanded electronic edition.