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Independent auditors give Fall River a clean opinion on 2024 financial statements; city general fund posts $8.6M increase
Summary
Roselli Clark and Associates issued an unmodified opinion on the city’s 2024 financial statements and reported an $8.6 million increase in general fund balances; auditors noted major long‑term liabilities remain tied to pensions and OPEB.
An independent audit of the City of Fall River’s 2024 financial statements concluded with an unmodified (clean) opinion and several key takeaways for the council, the city’s interim finance director and the auditors told the committee.
Terenzio Vopicelli, a certified public accountant with Roselli Clark and Associates, summarized the firm’s financial‑statement audit for the year ended June 30, 2024. “The city’s 2024 financial statements were issued on January thirtieth of 2025 with an unmodified or clean audit opinion,” Vopicelli said. He told councilors auditors encountered no significant difficulties or disagreements with…
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