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City auditor gives unmodified opinion, notes steady reserves and $15 million pension liability
Summary
James Moore & Company presented an unmodified opinion on Ormond Beach’s financial statements for the fiscal year ended Sept. 30, 2024, noting stable general fund reserves equal to roughly three months of expenditures, a clean federal single-audit, and a reported net pension liability of about $15 million.
Zach Shalifour, a partner with James Moore & Company, told the Ormond Beach City Commission on Feb. 18 that the firm issued an unmodified opinion on the city’s financial statements for the fiscal year ended Sept. 30, 2024, and reported no modifications in related state reports or the separate audits of the city’s community redevelopment agencies.
Shalifour said the auditors also performed a federal single audit of FEMA grant activity and issued a clean…
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