The City of Waconia has an audit performed by an independent certified
public accounting (CPA) firm each year as required by state law. The
firm determines whether the city has been following generally accepted
accounting practices and tests transactions to verify that procedures
have been followed properly. The auditors have given the city an
unqualified opinion that our financial statements are an accurate
reflection of the city’s financial health.
Government Finance Officers Association Program
The city participated in the
Government Finance Officers Association Program to evaluate the clarity
with which the financial information is presented for the first time in
2014. The city will include the “Certificate of Excellence in Financial
Reporting” with the annual financial report presented in 2015 if the
award is granted.