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Burlington Board reviews FY24 audit; approval deferred to March after management-letter recommendations
Summary
City staff and the external auditor presented the FY24 annual audit; the board received the report for information and deferred formal acceptance to its March meeting. The management letter included three recommendations but no material weaknesses.
City staff and external auditors presented Burlington's fiscal year 2024 annual audit to the Board of Finance on Feb. 18; the board received the report for information and agreed to take formal action at its March meeting to allow members more time to review supporting materials.
Brad (Clerk Treasurer's office) and Alina Corsak of the audit firm (Markham, recently acquired by CBIZ) reviewed the audit results. Auditors reported no material weaknesses or significant deficiencies but included three recommendations in the management letter: strengthen controls over journal entries and adopt a…
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