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West Miami audit issues: unmodified opinion, adjusting entries and long-running interfund balances
Summary
The city's fiscal year 2024 financial statement audit returned an unmodified opinion; auditors reported material adjusting journal entries tied to a new accounting system implementation and noted a roughly $3 million net interfund liability (about $9 million owed across funds). Auditors also flagged a required budget amendment that was not made.
The independent audit of the City of West Miami's fiscal 2024 financial statements returned an unmodified opinion, but auditors reported material adjusting journal entries tied to the city's recent accounting system implementation and a technical finding that a budget amendment was not posted after year end.
Jerry Linantes of GMRT, the engagement partner on the audit, told the commission, “the report has an unmodified opinion, that indicates that the statements are presented fairly in all material respects.” He said staff and…
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