Auditing firm provides simple explanation
Letter to the editor
To the editor:
For months now, we have been hearing about the financial turmoil in Crestwood.
Well, now the whole thing has been explained. Listen to how simple this thing really is as explained by the city's independent auditing firm, Brown Smith Wallace, in its report.
"In our opinion, the financial statements ... present fairly, in all material aspects, the financial position of the governmental activities, each major fund and the aggregate remaining fund information on the city of Crestwood as of June 30, 2003, and the respective changes in financial position for (that) year in conformity with accounting principles generally accepted in the United States of America.''
And there you have it. How simple was that? But there's more. The entire 92-page report is available from the city's Web site.
Wow, we all want to log onto that Web site.