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Council accepts city audit; auditor flags interfund borrowing, internal-control items
Summary
Auditor Ryan Schmidt presented the 2024 financial audit, reporting an unmodified (clean) opinion but noting common internal-control observations and a flagged issue for interfund borrowings tied to the ambulance fund; the council unanimously approved the audit.
The International Falls City Council on Monday accepted the city’s 2024 financial audit after an online presentation by Ryan Schmidt of Schleiner, Wenner and Co., who said the firm issued an unmodified — or clean — opinion.
“We gave you this year is what's called an unmodified opinion that is a clean opinion,” Schmidt said during his presentation. He told the council the audit went smoothly and commended city staff for their responsiveness.
Schmidt described several recurring internal-control observations common in municipalities the size of International Falls, including audit-year adjustments (cash-to-accrual conversions), lack of…
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