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North Miami auditors give city a clean opinion on fiscal 2024 with recommendations on receivables and federal award reporting
Summary
Independent auditors issued an unmodified opinion on North Miami’s fiscal year 2024 financial statements and single-audit work, noting strong financial results and two management recommendations on accounts receivable and the schedule of expenditures of federal awards.
The city of North Miami received an unmodified (clean) audit opinion for the fiscal year ended Sept. 30, 2024, according to the independent auditors who presented results to the City Council. Auditors said the city ended the year with increased net position and no reportable findings on internal control or compliance with the Uniform Guidance.
The unmodified opinion indicates the auditors did not identify material misstatements in the financial statements, and there were no findings on compliance with federal program rules, auditor Gene Borno said. The auditors recommended two management actions to strengthen financial reporting: tighter review of commercial accounts…
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