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CRA and city auditors issue mostly clean opinions; annual comprehensive financial report includes restatements and internal control findings
Summary
Auditors issued unmodified opinions for the CRA audit and the city's annual comprehensive financial report for fiscal year ended Sept. 30, 2024, but reported a material weakness related to federal award schedules, a restatement removing $1.5 million in HUD revenue, and two significant deficiencies tied to single‑audit programs.
Clearwater auditors reported an unmodified (clean) opinion on the Community Redevelopment Agency (CRA) audited financial statements and on the city's Annual Comprehensive Financial Report for the year ended Sept. 30, 2024, while also identifying several control and reporting items trustees and council should note.
Monica Mitchell, assistant finance director, introduced the CRA audit and annual city audit presentations and said the separate CRA audit has been prepared for five years in response to a 2019 statute and that the downtown development board was included in the city's audit this year. Auditor John Brielmeier, partner with Carr, Riggs & Ingram,…
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