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Auditors give Sierra Vista a clean opinion for fiscal 2024; single-audit shows no federal findings
Summary
Phoenix audit firm Baker Tilly told the Sierra Vista City Council the city received an unmodified (clean) opinion on its FY2024 financial statements and no findings in its single-audit of federal programs; auditors presented related reports and noted the city was under the state expenditure limitation.
Kaylee Lewis, an auditor with Baker Tilly, told the Sierra Vista City Council on June 26 that the firm issued an unmodified opinion on the city’s June 30, 2024, financial statements and found no reportable internal-control deficiencies or instances of noncompliance in its audit work.
The presentation said Baker Tilly also issued a Yellow Book compliance report and a single-audit report over major federal programs, including Community Development Block Grant and federal transit formula grants, and that those reviews produced no findings. "We issued an unmodified opinion, which is a clean opinion," Lewis said. She added the auditors "identified no material weaknesses or significant deficiencies" and that they "did not identify any fraud that came to our attention."
The auditors summarized several financial highlights from the management’s discussion and analysis: the general fund balance increased by $758,000, the sewer enterprise fund had an operating loss of $912,000, and the refuse fund an operating loss of $158,000. Lewis also reported the city expended federal funds totaling about $2.20 million in FY2024 that were included in the single-audit reports.
City staff said the city’s expenditure subject to the state limit was $66,689,369, about $1.4 million below the Economic Estimates Commission limitation reported to the auditors. The city manager said the finalized expenditure limitation report would be posted to the city website and sent to the state auditors’ office.
"Our responsibilities as your independent auditor include planning and performing the audit to obtain reasonable assurance," Lewis said, describing the scope and limits of an independent audit.
The council heard the report and offered thanks to the auditors for their work. No formal council action beyond receiving the presentation was recorded.
Ending: The audit presentation will be posted with the other audit deliverables; city staff said the finalized expenditure limitation report will be uploaded to the city website and transmitted to the auditors general's office.
