Suggs: City of Kinston continues on a positive trajectory of financial health.

The Kinston City Council received its Annual Audit Report for Fiscal Year 2022 during its February 7, 2023 meeting and it was a positive report for the City of Kinston.

There were no findings, no accounting policy changes, and no difficulties encountered between the auditor and our staff. Our revenues increased significantly for FY2022 in comparison to FY2021, along with a $5.1 million increase in our General Fund to $13,732,131.

The City received an Unmodified Opinion from its auditor, which is the highest level of opinion by an independent auditor.

“I am excited that the City of Kinston continues on a positive trajectory of financial health,” says Councilmember Chris Suggs. “This growth of the City’s General Fund was made possible due to good financial stewardship of our property tax revenues, grant funds, and enterprise funds. I extend much appreciation to our City Manager, Rhonda Barwick, for her leadership in making this happen.”

The City utilizes RH CPAs, a firm specializing in public accounting, for its independent audits. The audit presentation was provided by Diana Hardy, CPA, CFE, an Audit Partner with the firm. The presentation can be viewed in the February 7, 2023 City Council Agenda Packet by clicking here.