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Auditors give Milton an unmodified opinion for FY2024; general fund remains a healthy reserve
Summary
External auditors issued an unmodified (clean) opinion on the City of Milton's fiscal year 2024 financial statements and highlighted a 40% unassigned general fund balance and about $16 million unrestricted resources.
Milton's external auditors presented the city's fiscal year 2024 financial results on April 28 and issued an unmodified (clean) opinion on the financial statements, the auditor said during a council presentation.
Will Durzis, a director with audit firm Malden & Jenkins, said the firm's auditors "did issue an unmodified or clean report on the city's financial statements for 09/30/2024." The presentation and the annual comprehensive financial report are available in the meeting packet…
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