Superior’s finances are in good shape according to the city’s 2020 audit.

Wipfli CPAs and Consultants issued an unqualified or clean opinion regarding the financial statements, meaning they follow generally accepted accounting practices, said Jeff Dejno, a senior manager with Wipfli.

“We did have a couple of audit adjustments, but I think primarily that was usual in the past,” Dejno said. “We help with allocation of WRS (Wisconsin Retirement System) and life insurance funds. There weren’t really that many adjustments.”

The audit covered financial statements related to government activities as well as business-related activities covered by the city’s enterprise funds. Enterprise funds include the sewage system, landfill, storm water and golf course funds.

During the audit, Dejno said two federal programs and one state program were tested using single audit standards and there were no findings or significant deficiencies noted as a result.

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The general fund came in under budget in 2020 by about $826,000.

“Overall, governmental activities increase net position by almost $3.2 million and enterprise funds increased a little over $3.1 million,” he said.