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External auditors give Auburn a clean opinion for 2024 but flag internal-control and fund-balance issues
Summary
External auditors presenting to the Auburn City Council said they expect to issue a clean (unmodified) opinion on the city's 2024 financial statements but reported a significant deficiency in internal control related to year-end adjustments and accrual reconciliations, noted restatements from 2023 and highlighted longer-term concerns about fund-b
External auditors told the Auburn City Council on Feb. 13 that they plan to issue a “clean, unmodified opinion for 2024” on the city’s financial statements but identified a significant deficiency in internal control and highlighted budgetary and long-term debt pressures the council should consider during the 2025–26 budget process.
Luke Malecki, the engagement partner for the audit firm, presented a summary of the fiscal-year 2024 audit for the year ended June 30, 2024. “That is a clean, unmodified opinion for 2024,” Malecki said, and added the firm had “gotten all the evidence that we needed” to finalize its reports. The auditors also delivered a report on internal control and said they would…
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