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Cannon Falls accepts clean 2024 audit; one recurring internal-control finding noted
Summary
The City Council on May 29 accepted an unmodified (clean) audit of the city’s 2024 financial statements from auditor ABDO, noting one recurring internal-control finding about preparation of financial statements and review of several fund balances, enterprise results and debt schedules.
CANNON FALLS, Minn. — The Cannon Falls City Council on May 29 voted to accept the city’s 2024 financial statement audit after a presentation from ABDO audit manager Tyler Seaman.
Seaman told the council ABDO was issuing an “unmodified opinion,” commonly referred to as a clean audit, and that testing of applicable Minnesota statutes found no instances of noncompliance. He said the audit included one internal-control finding, described as “preparation of financial statements,” a recurring item the firm often issues when auditors prepare the statements rather than city management.
The audit presentation…
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