Reading’s audit shows first general fund deficit since 2018

Reading’s audit shows first general fund deficit since 2018

Reading’s general fund shows a deficit for the first time in six years, the city’s external audit revealed. City Council heard an update on the 2024 external audit Monday at its committee of the whole meeting. City Auditor Maria Rodriguez reported that preliminary figures from the independent audit by Herbein + Company indicate a $1.94 million deficit in the general fund for 2024, leaving a total fund balance of $51.99 million. The city had last…