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Coconut Creek accepts fiscal 2024 comprehensive financial report after clean audit
Summary
The commission accepted the city’s Annual Comprehensive Financial Report for the fiscal year ended Sept. 30, 2024, after auditors delivered a clean (unmodified) opinion and praised the finance department’s internal controls; officials highlighted an unassigned general fund balance of roughly $36.3 million.
The Coconut Creek City Commission voted to accept and file the Annual Comprehensive Financial Report (ACFR) for the fiscal year ended Sept. 30, 2024, after a presentation by Finance Director Peter Gay and the city’s audit partner, Stephen Emery of Citrin Cooperman.
Auditor report: Stephen Emery, partner in charge of the city audit at Citrin Cooperman, reported an unmodified (clean) opinion on the city’s basic financial statements and noted no material weaknesses or reportable noncompliance. Emery told the commission auditors did not have to post adjusting journal entries to reach a clean opinion — a…
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