City of Morris receives clean 2011 audit, passes budget amendment for 2012
MORRIS, Minn. - The City of Morris received another clean financial audit for 2011.
Derek Flanagan, of Eide Bailly, told the Morris City Council Tuesday that the city had received a "clean audit opinion or an "unqualified opinion," which is "what you want and the opinion you have always received."
The city's liquidity ratio, or the city's ability to pay bills as they come due, was positive, said Flanagan. This means the city has the cash on hand to pay bills.
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