Financial Statements

The City of Hastings' annual audits contain the accompanying financial statements of governmental activities, business-type activities, the aggregate component unit, each major City fund, and the aggregate remaining City funds information as of the fiscal years ending September 30th.  The audits were completed by an independent auditing firm and were conducted in accordance with auditing standards generally accepted in the United States of America and standards applicable to final audits contained in “Government Auditing Standards”, issued by the Comptroller General of the United States.  The City’s responsibility is to provide the auditor with financial statements in accordance with accounting principles generally accepted in the United States which include maintenance of internal control relevant to the preparation and fair presentation of those financial statements that are free from material misstatement, whether due to fraud or error.  The auditor’s responsibility is to express opinions on the City’s financial statements based upon their audit and testing of the City’s internal control over financial reporting and compliance, and the results of that testing.

Control Control