The city of Lebanon has made the grade, when it comes to their audit report for the year ending December 31st, 2020.
Tim Sawyer with Baracane Thornton & Company, Lebanon’s audit firm, said everything was in order with their books, their various revenue and payment streams and system of internal controls for accounting.
But, there was one small issue.
Sawyer said the city’s audit did not contain the most current valuation report of its municipal pension plan:
As a result, the city received a qualified opinion on their audit.
We asked Sawyer what grade he’d give the city’s audit, if he were a teacher.
He said the city would receive an “A.”