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Baltimore auditors, finance officials say long-running control weaknesses caused late FY24 financial reports; corrective steps underway
Summary
Council and auditors reviewed the city's late Annual Comprehensive Financial Report and single audit for FY24, recurring material weaknesses across finance functions and federal grant compliance, and administration plans to correct them.
Baltimore City Council President Z Cohen convened a Committee of the Whole hearing Sept. 17 to review the city's Annual Comprehensive Financial Report for the fiscal year ended June 30, 2024, and an associated federal single audit that the city's auditor and external auditors said were completed with an opinion date of May 9, 2025. "We are holding this hearing because the 70 fourth city council is committed to transparency, accountability, and good fiscal stewardship," Council President Z Cohen said at the start of the hearing.
The city auditor, Josh Pash, and SB and Company engagement partner Bill Seymour told the council the ACFR and single audit were completed on May 9, 2025, after paperwork and schedules were finally provided in April 2025. Pash said the state-required ACFR due date is Dec.…
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