INDEPENDENT AUDITOR'S REPORT of the City of Wahkon 2023
CITY OF WAHKON
WAHKON, MINNESOTA
TABLE OF CONTENTS
Introductory Section Reference Page
Organization Schedule 1
Financial Section
Independent Auditor’s Report 2
Management’s Discussion and Analysis 5
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Cash Position Exhibit 1 13
Statement of Activities Arising from Cash Transactions Exhibit 2 14
Governmental Funds:
Statement of Balances Arising from Cash Transactions Exhibit 3 16
Statement of Cash Receipts, Disbursements, and
Changes in Cash Fund Balances Exhibit 4 17
Proprietary Fund:
Statement of Balances Arising from Cash Transactions Exhibit 5 18
Statement of Receipts, Disbursements, and
Changes in Net Cash Position Exhibit 6 19
Notes to the Financial Statements 20
Required Supplementary Information
Budgetary Comparison Schedule – General Fund Schedule 1 32
Notes to the Required Supplementary Information 34
Schedule of Receivables and Payables Schedule 2 35
Schedule of Indebtedness Schedule 3 36
Other Information
Schedule of Intergovernmental Receipts Schedule 4 37
Management and Compliance Section
Independent Auditor’s Report on Internal Control Over Financial
Reporting and on Compliance and Other Matters Based on an
Audit of Financial Statements Performed in Accordance with
Government Auditing Standards 38
Schedule of Findings and Responses 40
Corrective Action Plan 41
Schedule of Prior Audit Findings 42