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Independent auditors give city an unmodified opinion; general fund reserves increased
Summary
CliftonLarsonAllen delivered a clean (unmodified) audit opinion for the city’s 2023 financial statements and reported an increase in the city’s unassigned general fund balance and solid benchmarking on statutory debt capacity.
CliftonLarsonAllen principal Brian Gruenewald presented the city’s annual comprehensive financial report (ACFR) to the council on Aug. 13 and reported an unmodified (clean) audit opinion for the reviewed statements, one audit adjustment proposed and one finding referenced for internal control matters.
Gruenewald said the report includes three auditor reports: the audit opinion (an unmodified opinion starting on page 10), communications about internal control and any findings, and a compliance report for federal and state aid…
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