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City audit finds clean opinion; bond proceeds drive fund balance increase
Summary
City of Newberry auditors issued an unmodified "clean" opinion on the city's and Community Redevelopment Agency's 2023–24 financial statements, citing no reportable internal control deficiencies; bond proceeds for a new City Hall and capital outlays were the primary drivers of a year-over-year fund-balance increase.
The City of Newberry received an unmodified, or "clean," audit opinion for its fiscal year 2023–24 financial statements, the city's independent auditor told the commission Monday.
Barbara Boyd, partner at Pervis Gray and Company, presented the annual audit and related examination reports and said the firm found no significant deficiencies, material weaknesses or instances of material noncompliance. "There are no reportable items," Boyd told the commission.
The auditors reported that total governmental revenues…
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