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Longmont receives clean (unmodified) audit for 2024; net position rises $153 million
Summary
City auditors issued an unmodified opinion on Longmont’s 2024 audited financial statements and highlighted a net increase in net position; a housing‑authority component unit audit produced a finding that was corrected and disclosed.
Auditors presented Longmont’s annual comprehensive financial report (ACFAR) and related audit results for the year ended Dec. 31, 2024, to City Council on June 17. City finance leadership said the city’s accounting team again won the Government Finance Officers Association (GFOA) certificate of achievement for excellence in financial reporting and that staff expect to meet the award criteria for a 46th time for the 2024 report.
Audit opinion and highlights Bill Riqui, lead auditor, reported an…
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