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External auditor issues clean opinion; council accepts Bloomington’s 2024 financial report
Summary
Redpath and Company delivered an unmodified (clean) audit opinion for the City of Bloomington’s 2024 financial statements, reporting no internal-control or state compliance findings and four federal-compliance findings; the council voted 7–0 to accept the annual comprehensive financial report.
Andy Herring of Redpath and Company presented the city’s 2024 annual audit and told the council the auditor issued a clean, unmodified opinion on the financial statements and identified no internal control or Minnesota legal compliance findings.
“We issued five reports as part of the audit… an unmodified or clean opinion on the financial statements. There were no internal control findings, no legal compliance findings. We had four findings related to federal compliance,” Herring said.
Those four federal-compliance findings related to: (1) a missing verification step for…
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