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Audit committee accepts Safety Harbor annual financial report, flags delayed bank reconciliations
Summary
The Safety Harbor Audit Committee voted unanimously to recommend acceptance of the City of Safety Harbor annual comprehensive financial report and the Community Redevelopment Agency financial statements for the year ended Sept. 30, 2023; auditors issued unmodified opinions but reported a material weakness for delayed bank reconciliations.
The Safety Harbor Audit Committee voted unanimously to recommend that the City Commission accept the City of Safety Harbor annual comprehensive financial report (CAFR) and the Community Redevelopment Agency (CRA) financial statements for the fiscal year ended Sept. 30, 2023.
CliftonLarsonAllen auditor Julie Ballard told the committee she issued unmodified opinions on both the city and CRA financial statements and an unmodified opinion on the city's compliance with Florida Statute 218.415, the statute governing investment of public funds. Ballard said auditors did identify a material weakness in internal control related to the timeliness of bank…
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