City auditor awards ‘clean’ opinion; flags recurring year-end close deficiency tied to staff turnover

Weaver & Associates delivered the City of Corpus Christi’s annual comprehensive financial report for the fiscal year ending Sept. 30, 2024, to the City Council and said the auditors issued an unmodified ("clean") opinion while reporting one recurring significant deficiency tied to untimely year‑end closing procedures.

The clean opinion means the independent auditor concluded the city’s financial statements were presented fairly, in all material respects, under generally accepted accounting principles. Matt Rogers, engagement director from Weaver, also told the council the audit included a federal single audit and that major federal programs included immunization grants and the Coronavirus State and Local Fiscal Recovery Fund (ARPA).

Why it matters: a clean opinion supports investor and public confidence in the city’s finances, but the recurring finding on closing procedures indicates internal controls and timeliness still need attention. Delays in closing and preparing schedules can delay financial reporting and complicate budget oversight.

Weaver’s findings

“We…