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Auditor issues clean opinion for Essex Junction’s 2024 fiscal year; ARPA recognition inflated general fund surplus
Summary
External auditor Bill Kaiser presented the FY2024 audit, reporting an unmodified (clean) opinion, no material adjustments, no findings on ARPA in the single-audit testing, and a general fund assigned balance for Lincoln Street renovations.
The city’s external auditor told the Essex Junction City Council on March 12 that the June 30, 2024 audit received an unmodified opinion and that auditors identified no material adjustments or internal control findings.
Bill Kaiser, shareholder consultant, said the audit work was completed in late January and that the federal single-audit requirement applied again because federal expenditures exceeded $750,000. “For June 30, we issued a unmodified opinion,” Kaiser said. “It was a clean audit,…
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