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Finance committee accepts Homewood City audited financial statements with unmodified opinion
Summary
The Finance Committee accepted the independent auditor's financial statements and single-audit packet for Homewood City after a presentation from the firm's senior manager; the audit report contained an unmodified opinion and noted a $4.9 million net improvement in fund balance.
The Homewood City Finance Committee voted 3-0 June 30 to accept the city's audited financial statements and the single-audit packet following a presentation by the auditor.
Jenny, a senior manager with the audit firm (identified in the meeting as VMSS), told the committee the firm issued an unmodified opinion on the financial statements. “We did have an unmodified opinion on the financial statements, which means that we didn't…
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