City auditor issues unmodified opinion for fiscal year ended Oct. 31, 2024; cites routine internal-control note

Matt Partridge, a CPA with Dana F. Cole & Company, told the Raymore City Council that the cityreceived an unmodified opinion on its financial statements for the fiscal year ended Oct. 31, 2024. "We are issuing an unmodified opinion financial statements, which means they are fairly presented in all material respects," Partridge said. He also reported no items of noncompliance with laws, regulations or grant agreements identified in the compliance report. The audit package includes a Government Finance Officers Association certificate of achievement for financial reporting; the firm said this marks the fifteenth consecutive year the city and its finance department have received the award. Partridge noted the audit issuance was later than in prior years "due to timing and putting all the necessary information together for the report" and that the audit firm is undergoing a peer review that contributed to a preliminary stamp on the report. He described city staff as organized and responsive during fieldwork. The audit team reported an internal-controls disclosure that has appeared in prior reports: auditor assistance in drafting complete financial statements and related note disclosures. Partridge characterized that disclosure as "common" for a city of this size. He also said the city did not incur federal award expenditures above the single-audit threshold this year, so a single audit was not required; the threshold was noted in the presentation as $750,000 for the fiscal year in question and slated to increase to $1,000,000 for the fiscal year ending Oct. 31, 2025. No formal council action was required or taken on the audit presentation during the meeting; staff closed the presentation after questions were invited and none were raised by council members.