Auditors give Doral unmodified opinion, find no issues in FY2024 financial report

The city's external auditors presented Doral’s Fiscal Year 2024 Comprehensive Annual Financial Report and told council members the firm plans to issue an unmodified opinion and reported no audit findings for the year.

Elias Rodriguez of the city's auditing firm reviewed key parts of the report and read from the independent auditors’ opinion: "In our opinion, the financial statements referred to above present fairly in all material aspects the financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the city as of 09/30/2024." The auditors also said the city qualified for the Government Finance Officers Association certificate of achievement for the 2023 statements and expected the same for 2024 after final review.

Rodriguez highlighted an unassigned general fund balance of about $75,900,000 and described the compliance and supplementary sections of the report, including OPEB and pension disclosures and the single-audit uniform guidance report. He told the council staff were cooperative and there were no disagreements with management during the audit.

Councilwoman Nicole Reynoso asked whether the auditors experienced any issues obtaining documents; Rodriguez said he had none to his knowledge and offered to confirm with his partner. The council formally received and reviewed the report and thanked the finance team for their work.

The auditors noted the next steps include finalizing the communication letter to those charged with governance and filing required audit reports with state authorities; staff will return if any additional clarifications are needed.