Gainesville receives clean audit for Fiscal Year 2024

Published on March 25, 2025

For the second year in a row, the City of Gainesville has received a clean financial audit from external auditor Purvis, Gray & Company. The city’s Department of Financial Services completed the Fiscal Year 2024 Annual Comprehensive Financial Report (ACFR) on schedule with no findings. These results are confirmation the city is managing its finances with a high level of accuracy, transparency and accountability. 

This achievement is the result of a financial reporting strategy implemented by City Manager Cynthia W. Curry, who took the reins in November 2021 and immediately escalated the city’s financial health to the top of her list of priorities. In the past three years, she has installed key staff to manage the specialized work of government accounting and has worked to forge partnerships between departments while emphasizing fiscal education and training.

These improvements have led to a dramatic turnaround for the city, which last year ended a half decade of difficult financial reporting when the Fiscal Year 2023 ACFR received a clean financial audit from Purvis, Gray & Company. It also earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA), an honor expected for the Fiscal Year 2024 ACFR, as well.

“This is a continuation of a path toward improved financial health in all city operations,” said City Manager Curry. The staff in our Department of Financial Services, led by Director Dennis Nguyen, are to be commended for a job well done.”

With a clean audit for Fiscal Year 2024 and Fiscal Year 2025 at its midpoint, City Manager Curry is now turning to the task of creating a proposed budget for Fiscal Year 2026. This means working closely with department leaders to identify areas where spending can be reduced and resources optimized, while ensuring every dollar serves a clear purpose in advancing community priorities as reflected in the policies of the Gainesville City Commission.

“The goal is to manage public resources wisely,” said City Manager Curry. “With prudent planning and decision making, we will craft a responsible budget proposal that not only meets today’s needs but also positions our community for continued economic development and growth.”

The Fiscal Year 2024 ACFR was presented to the City Audit Committee on March 25. It next will be presented to the full Gainesville City Commission on March 27, where it is expected to be approved.