Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Town audit finds clean financial opinion; single-audit finds one federal compliance gap
Summary
Auditors from Plante Moran gave the Town of Parker an unmodified opinion on its 2024 financial statements and on its two major federal programs, but reported one compliance finding tied to suspension and debarment checks for contractor procurement.
The Parker Town Council heard a report Monday that Plante Moran issued an unmodified (clean) opinion on the town’s 2024 financial statements and on its federal single audit, while identifying one compliance finding related to suspension and debarment checks. Tim St. Andrew, an auditor with Plante Moran, told the council the firm “did issue an unmodified opinion,” meaning readers can rely on the financial statements and disclosures. He said the town implemented GASB 100 and GASB 101 in 2024, and noted GASB 101’s effect on accounting for compensated absences required additional staff work. St. Andrew said the town expended $5,900,000 in federal…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
