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La Plata receives clean FY2024 audit; town leaders outline bond and ARPA-driven fund changes
Summary
External auditors issued unmodified opinions on La Plata's June 30, 2024 financial statements; council heard a town treasurer overview showing bond-related liabilities and ARPA-funded capital spending that increased fund balances and changed net position.
Dan Kenny, partner at Mitchell and Titus, told the La Plata Town Council that his firm issued unmodified opinions on the town's June 30, 2024, financial statements, covering governmental and business-type activities and each major fund.
Kenny said the auditors found no material weaknesses or significant deficiencies in internal control and reported no uncorrected or unusual adjustments. "We did not identify any actual or suspected instances of fraud," he told the council.
The audit presentation noted the town issued bonds for a special taxing district (identified in the financial statements as financing for the Pine Grove…
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