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City receives clean audit opinion for FY2024; auditors flag control and reporting findings
Summary
Independent auditors presented the city's FY2024 Annual Comprehensive Financial Report at the Aug. 20 Daytona Beach City Commission meeting and issued a clean opinion on the financial statements while reporting several internal-control and grant-reporting findings.
City Chief Financial Officer Natalia Ekra and external auditors Carr, Riggs & Ingram presented the City of Daytona Beachs Annual Comprehensive Financial Report (ACFAR) for the fiscal year ending Sept. 30, 2024, at the Aug. 20 commission meeting. The auditors issued an unmodified (clean) opinion on the basic financial statements but reported several audit findings and management-letter comments for the commission to review.
Auditor Lindsay Eviles summarized major takeaways: the citys net position increased in 2024 versus 2023 (governmental activities up to roughly $129 million; business-type activities up to roughly $210 million), driven in part by higher property values and investment income.…
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