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City audit: independent auditor issues unmodified opinion; staff flagged $2.6 million accounting restatement
Summary
Malden & Jenkins delivered an unmodified (clean) audit opinion for Winter Haven’s fiscal year ending Sept. 30, 2024. The firm identified an accounting‑standards driven restatement of approximately $2.6 million related to compensated absences and reported no current‑year findings in single‑audit testing of federal and state awards.
Malden & Jenkins partner Daniel Anderson presented the city’s fiscal‑year 2024 audit at the April 28 commission meeting and reported an unmodified opinion on the city’s financial statements.
Anderson told the commission that the firm performed the audit in accordance with generally accepted auditing standards and government auditing standards. He said an accounting standard change affecting how compensated absences…
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