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Independent audit finds Lynn Haven financial statements receive unmodified opinion; one recurring audit adjustment noted
Summary
External auditors presented the FY2024 audit results, reporting an unmodified opinion on the city's financial statements, a clean single-audit and state compliance reports, and one recurring internal-control comment about post‑trial-balance adjustments.
City auditors from James Moore (presenter Benny Clark) presented the fiscal year 2024 audit results to the Lynn Haven City Commission, saying the audit yielded an unmodified opinion on the city’s financial statements and no single-audit or state compliance findings. The firm reported a generally healthy fund-balance position and noted one recurring comment tied to significant audit adjustments the auditors made after receiving the city’s initial trial balance.
Why it matters: An unmodified (clean) opinion indicates auditors found the financial statements materially correct under applicable accounting standards. Auditors also reported the…
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