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City auditor issues clean opinion on Burnsville 2024 financial statements; one invoice‑timing comment noted
Summary
Independent auditor delivered a clean opinion on the city's 2024 financial statements and federal single‑audit; audit report included one comment about some invoices paid after the 35‑day payment period.
Jackie Heagle, a principal at LB Carlson, told the Burnsville City Council that the independent audit for the year ended Dec. 31, 2024, resulted in an "unmodified or a clean opinion" on the city's basic financial statements and a clean single‑audit on federal awards tied to the city’s Schedule of Expenditures of Federal Awards.
The nut graf: The audit found overall healthy financial results, increases in governmental fund balances and no internal control findings, but it included a Minnesota legal compliance comment noting instances where disbursements were not paid within the state's 35‑day payment requirement.
Heagle said the city expended more than $750,000 in federal funding and that the Schedule of Expenditures of Federal Awards (SEFA) totaled about $3.2 million; the audited federal grant was the Coronavirus State and Local Fiscal Recovery Funds, approximately $3 million. She explained the city had implemented a new GASB accounting standard for compensated absences in 2024, which increased recorded liabilities by about $340,000 on the financial statements.
On internal control and compliance, Heagle said the auditors found no control findings and no instances of noncompliance for the financial statement audit or the single‑audit of federal awards. For the Minnesota legal compliance audit, the auditors reported one comment related to timely payment of invoices: some disbursements were paid after the state’s 35‑day payment period. "We do recommend... to make sure that the city keeps documentation on file," Heagle said, referring to explanations such as missing mail that can justify late payment when documented.
Jennifer Rohde, deputy city manager and chief financial officer, told the council staff will continue purchasing training for employees, remind purchasers of statutory timing requirements and encourage managers to document explainable abnormalities on invoices. City Manager Lindbergh and council members thanked staff for the clean audit and the follow‑up steps.
The council voted to accept the audit report by motion; the vote was recorded as a voice vote and the motion carried.
Ending: The presentation also noted increases in the general fund cash and investments and a year‑end general fund balance that covered about 62% of the subsequent year's budgeted use of funds; the council expressed appreciation for staff work that produced the clean audit.
