Auditor issues qualified opinion on Cottage Grove 2024 financials, cites three material weaknesses
Eisler CPA told the Cottage Grove City Council it issued a qualified opinion on the 6/30/2024 financial statements, citing GASB 87 (leases), GASB 96 (subscription IT arrangements) and incomplete recording of easements; auditors recommended a corrective-action plan to address three material weaknesses.
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Cody Sabi, an audit partner with Eisler CPA, told the Cottage Grove City Council the firm issued a qualified opinion on the city’s financial statements for the fiscal year ending June 30, 2024, and identified three material weaknesses tied to leases, subscription-based IT arrangements and the reporting of easements. “For the year ended 06/30/2024, we have issued a qualified opinion,” Sabi said during the presentation.
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