City commissioners will hear the results of an annual city audit at their 7 p.m. meeting Tuesday.
The annual report, prepared by city staff and audited by Varney and Associates CPAs, LLC, is used to assess internal operations. It’s also used by residents to asses proper uses of taxes and by prospective businesses looking to relocate to Manhattan.
Bond ratings agencies also use it to review and assign ratings to the city’s general obligation bonds and temporary notes. The report isn’t required but has been prepared each of the last 17 years. Since 1996, the city has received the certificate of achievement for excellence in financial reporting. The auditors have made several observations and suggestions regarding the finance department, Manhattan Regional Airport, community development and the municipal court for commissioners to consider.