Auditor reports draft FY2023 figures, flags compliance and control issues; clean opinion expected after fixes
Lead audit partner Dorey Mariner told the assembly auditors expect to issue an unmodified opinion on the borough’s FY2023 financial statements once outstanding cash-receipt and port-revenue items are resolved; auditors noted a $33 million capital-asset adjustment, a repeat federal-award reporting finding, and two material weaknesses/significant deficiencies in controls.
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The borough’s external auditors told the assembly the FY2023 audit is substantially complete but several open items remain before final issuance.
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