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FY 2024 audit: external auditor issues clean opinion; no material findings
Summary
The city’s external auditor and finance director presented the fiscal year 2024 audit. Auditors reported an unmodified (clean) opinion, no material misstatements and no internal‑control findings; they recommended continued process improvements and noted a prior‑period adjustment tied to the Community Development Fund.
James Wood, the city’s finance director, opened the item by explaining the nature and scope of a financial audit and the sampling approach auditors use to test transactions. “A financial audit is a process by which a third party comes in to the city of Redmond and reviews our financial transactions,” Wood said.
Rob Tremper, the external auditor, told council the audit produced a clean or unmodified opinion on the City’s governmental activities, business‑type activities and each major fund. “For both the City and Urban…
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