Rehmann Robson, the auditing firm for Hastings, reported on the 2017-2018 fiscal year audit of the city’s financial practices on Dec. 10 and gave the city a “clean opinion,” which compares to a grade of “A.” 

 

“Overall, I am satisfied with the findings of the audit.  Moving forward we have already started the process of making improvements to address the recommendations from the auditors,” Director of Finance Jerry Czarnecki said.

 

The city’s governmental funds reported a combined fund balance increase of approximately $545,000 which is attributed to projects that were not undertaken in the current fiscal year and have been planned for the upcoming year, he said.

 

The report, in part, read the financial statements prepared by the city staff presented fairly the respective financial position of the governmental activities, the business-type activities, the aggregate discretely presented component units, each major fund, and the aggregate remaining fund information… in accordance with accounting principles generally accepted in the United States of America..

 

In simpler terms, that means that the auditors found the city’s financial statements for fiscal year 2017-2018 in order and prepared in accordance with the appropriate laws and standards.