Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit Finance topic
No spam. Unsubscribe anytime.
City auditor issues unmodified opinion; DeBary submits annual comprehensive financial report to GFOA
Summary
James Moore & Co. presented the annual comprehensive financial report and issued an unmodified (clean) opinion for the City of DeBary's fiscal year ended Sept. 30, 2024; auditors reported no internal‑control comments and recommended continued reserve practices.
The City of DeBary received an unmodified opinion on its audited financial statements for the fiscal year ended Sept. 30, 2024, auditors said during the council meeting. Auditor Zach Shallow Ford, partner at James Moore & Company, told council the city also received a certificate of achievement for excellence in financial reporting from the Government Finance Officers Association (GFOA) for the second consecutive year.
Nut graf: The audit found the city's financial statements “fairly presented” and identified no reportable internal‑control deficiencies in the documents auditors reviewed; auditors also characterized the city's financial condition as strong with general‑fund reserves sufficient to meet recommended minimums.
Zach Shallow Ford summarized four reports issued as part of the engagement: the audit report on financial statements (unmodified opinion), a report on internal control and compliance (no modifications), a state reporting compliance report (no issues), and a financial‑condition assessment, which showed the city in a strong position. He said city unrestricted fund balance represented roughly 10 months of general‑fund operating expenditures, well above the GFOA bare minimum recommendation of two months.
Mayor Chasse and council members thanked finance staff and the auditors for the performance and transparency. There were no public questions for the auditor during the meeting.
Ending: The auditor closed by offering to answer further questions and the council moved on to the consent agenda.
