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Auditor issues clean opinion on Peoria 2024 financial statements; ARPA accounting required extra procedures
Summary
CliftonLarsonAllen presented the 2024 audit results to the Peoria City Council, reporting an unmodified (clean) opinion but noting follow-up work required because of $1.5 million of ARPA expenditures claimed in a prior fiscal year; the city and auditors also noted an anticipated audit finding about external review and a single compliance control.
The independent auditors CliftonLarsonAllen told the Peoria City Council Tuesday that they issued unmodified, or “clean,” opinions on the city's 2024 financial reports but had to perform additional procedures related to federal ARPA funds that were retroactively claimed in a prior year.
"We did issue unmodified or, in other words, clean audit opinions on all reports, all things that we issued," Adam Pulley, principal in charge of the 2024 audit, told the council.
Pulley explained that…
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