Phenix City FY 2024 Independent Auditor’s Report | April 6, 2026

The City of Phenix City, Alabama, held a meeting on April 6, 2026, to review the FY 2024 Independent Auditor's Report. The auditors presented a clean audit opinion, confirming that the city's financial statements were prepared in accordance with generally accepted accounting principles. Key highlights included a strong net position of $92.3 million, positive net income in both the general fund ($14.3 million) and the public utilities fund ($3.6 million), and an increase in fund balances compared to the previous year. The report noted no instances of fraud or non-compliance with federal laws, including those related to the American Rescue Plan Act funds. However, auditors identified ongoing material weaknesses related to limited segregation of duties due to staffing constraints, which the city is working to improve. The discussion emphasized the importance of maintaining financial integrity, managing debt responsibly, and continuing to build fund balances to address future capital projects and regulatory requirements. No specific procurement actions, contract awards, or vendor selections were discussed during the meeting.