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Auditors give Millersville an unmodified opinion but flag internal-control weaknesses
Summary
An external audit of Millersville borough financials for 2024 found the financial statements to be fairly presented under the modified cash basis but identified two material weaknesses — segregation of duties and bank reconciliations — and noted a $550,000 decrease in the general fund balance.
Courtney King, a senior associate on the auditing team, told Millersville Borough Council that the auditors intend to issue an unmodified (clean) opinion on the borough’s 2024 financial statements and that the audit is in draft with no expected significant changes.
The audit matters matter because an unmodified opinion indicates the financial statements are materially correct under the modified cash basis of accounting, while the auditors also identified two material weaknesses that require council oversight. King said the borough must remain attentive to those risks during the year.
The auditors reported two material weaknesses: limited segregation of duties — a common issue in small governments where the same small staff perform multiple steps of transactions…
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