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Hot Springs officials to acknowledge receipt of 2024 comprehensive annual financial audit with clean opinion
Summary
City staff said the 2024 annual comprehensive financial report received a clean (unmodified) audit opinion and that state statute requires the governing body to review the audit at the first regular meeting following receipt; the audit was delivered to the board on July 15, 2025 and will be acknowledged at the Aug. 5 meeting.
Steven (Steve) Martin, presented to the board the city’s 2024 annual comprehensive financial audit and reminded the Board of Directors that Arkansas statute 10‑4‑4‑418 requires the governing body to review the audit report and accompanying recommendations at its first regularly scheduled meeting after receipt.
Martin reported the auditors issued a clean opinion on the financial statements for the year ended Dec. 31, 2024, and that no reportable conditions rising to a material weakness were found. He said the audit report was delivered to the board on July 15, 2025 and is posted on the city website. Becca Kaiser of Forvis Mazars was noted as the auditor who would provide a brief presentation of findings and recommendations at the formal meeting.
Staff asked the board to formally acknowledge receipt and review of the audit as required by statute; the acknowledgement resolution is on the Aug. 5 agenda.
