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Council accepts City of Greenfield 2024 audited financial statements; auditors report clean opinion
Summary
Auditor from Baker Tilly told the council the city received an unmodified (clean) opinion on its 2024 financial statements. The council approved and accepted the audit and independent auditor's report at the June 17 meeting.
Wendy, an auditor with Baker Tilly U.S. LLP, told the Greenfield Common Council on Tuesday that the firm issued a clean, unmodified opinion on the City of Greenfield's 2024 financial statements and that the city’s internal controls appear strong.
Wendy said a new Governmental Accounting Standards Board requirement, GASB 101, affected accounting for compensated absences in 2024 and was disclosed in the opinion. She also summarized key financial results: a government-wide decrease in net position of about $6.5 million, driven largely by payoff of…
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