The City of Mount Rainier has successfully completed its Fiscal Year 2024 financial audit, ending June 30, with results reflecting a positive financial outlook.
This audit, conducted by an independent auditor and overseen by the City Manager and Finance Department, offers a transparent and thorough review through three main financial statements: government-wide, fund-level, and detailed notes, with additional supplementary information for a full assessment of the City’s fiscal health.
Key highlights include:
- Net Position: The City’s assets and deferred outflows surpassed liabilities and deferred inflows, resulting in a net position of $16,522,069.
- Net Position Growth: The City’s net position grew by $4,472,189 over the fiscal year.
- Fund Balance: The governmental/general fund ended with a balance of $8,369,544, an increase of $67,420.