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Lake Havasu City audit receives clean opinion; auditors note fund reporting changes
Summary
CliftonLarsonAllen presented the Lake Havasu City fiscal year 2023–24 audit, giving clean, unmodified opinions while identifying several fund-reporting changes and one corrected internal control matter.
Lake Havasu City accepted its audited annual financial report for the fiscal year ended June 30, 2024, after a presentation by CliftonLarsonAllen LLP that concluded the city’s comprehensive financial report received a clean, unmodified opinion.
The audit presentation Wednesday described several accounting changes required by new standards, including restating prior periods for capital project reporting and moving the city’s flood-control fund into a different reporting category. CliftonLarsonAllen principal auditor Jean Dietrich told the council the audit firm “issued a clean, unmodified opinion” on the annual comprehensive financial report and found no unusual or fraudulent transactions.
The nut graf: The audit confirmed the city remains…
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