Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
External audit: DeLand’s fiscal 2024 financials receive unmodified opinion; general fund reserves rise about $4 million
Summary
James Moore & Company delivered an unmodified opinion on DeLand’s FY2023–24 financial statements, reported no federal or state single-audit findings, and flagged a net pension liability of nearly $30 million; the city’s general fund unrestricted reserves increased roughly $4 million to about eight months of operating expenses.
The City of DeLand’s independent auditors issued an unmodified (clean) opinion on the city’s fiscal year ending Sept. 30, 2024, and reported no findings in the federal or state single-audit reviews, the auditing firm told the City Commission.
Zach Challifor, partner with James Moore & Company, presented the annual comprehensive financial audit and said the “financial statements are fairly presented in all material respects,” the highest level of assurance an auditor issues. He said the firm performed both federal and state single audits and identified no findings. “That’s the best opinion that we can issue and what you want to see here,” Challifor said.
Why it matters: a clean audit and no single-audit findings limit near-term regulatory exposure, support the city’s financial credibility with lenders and grantors, and show the city met compliance…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
