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Auditors report draft unmodified opinion; note three low-risk findings and ARPA spend-out
Summary
Malden & Jenkins presented a draft audit showing an unmodified opinion for fiscal year 2024, three low-risk findings related to inventory and grant reporting, and that ARPA funds were fully expended in FY24.
Malden & Jenkins senior manager Garrett Marlow told the Town Council that the firm plans to issue an unmodified audit opinion on the town's FY2023-24 financial statements and reported three low-risk findings tied mainly to inventory and grant accounting.
Marlow described the matters as routine for a year with substantial grant activity: an adjustment to inventory balances, timing differences in grant revenue/expense recognition, and two…
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