The late audit means that city officials don’t yet know exactly how much money Anchorage has — even as Mayor Dave Bronson’s administration and the Assembly are due to revise and finalize this year’s budget later this month.
An annual audit of the Anchorage municipality’s 2022 financials is late by about 10 months. That’s caused a cascade of problems and put the city at risk of losing millions in grant funding and its certificate of
The Anchorage Assembly on Monday voted to extend the city’s contract with its auditor, BDO, a national accounting firm, until June. At the meeting, Rivera said he expects BDO and the city’s Finance Department will finish by the end of April.Mayor Ethan Berkowitz, but not this late. Assembly members had hoped the audit would be completed by the end of March, before annual budget revisions began, because it remains unclear whether the city has overspent or underspent in its budget cycles for the last two years.
“Do we want to add more money to snow plowing for next winter? We can’t answer that because we don’t know if we have more money until we have audited financials,” Zaletel said.
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