City audit shows clean opinion for city finances, flags material weakness in close process
Auditor Andrea Janssen told the Fort Atkinson City Council on May 20 that the city's 2024 financial statements received a clean opinion but the audit identified a material weakness in the financial statement close process; general fund reserves increased and utilities reported strong operating results.
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The Fort Atkinson City Council heard the city's 2024 audited financial statements on May 20 from Andrea Janssen, principal at Baker Tilly, who said the firm issued an unmodified (clean) opinion on the city's financial statements but noted an adverse opinion on a discretely presented component unit and a material weakness in the financial-statement close process.
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