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City receives clean auditor opinion for FY2024; single-audit reports late federal form filing
Summary
External auditors issued a “modified” (clean) opinion on the City of Staffordfinancial statements for fiscal year 2024, but the single-audit portion included a compliance finding: a required federal data-collection form was filed after the June 30 deadline. Council accepted the audit.
Patillo, Brown and Hill LLP presented the City of StaffordauditorChris Pruitt, a partner, told the Stafford City Council on Oct. 15 that auditors issued what he described as a "modified opinion" also called a clean opinionon the cityfinancial statements for the fiscal year ended Sept. 30, 2024. "In our professional opinion, the financials are free of material misstatement and ... they can be relied upon," Pruitt said.
The auditors also completed the single-audit required because the city received more than $750,000 in federal funds. That review included a focused look at the city's American Rescue Plan/Coronavirus State and Local Fiscal Recovery Fund program. Pruitt said the single-audit work did not find grant compliance deficiencies for the…
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