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City of Maricopa receives clean fiscal‑year 2024 audit; no reportable findings
Summary
Independent auditors issued an unmodified opinion on Maricopa27s FY2024 financial statements, reporting no audit adjustments and no current year findings; auditors also completed single‑audit work on federal ARPA/SLFRF expenditures and found no material compliance issues.
Auditors from Heinfeld Meach provided the City Council with the results of the fiscal‑year 2024 audit on Feb. 18, saying the city received an unmodified (clean) opinion and no audit findings.
Christopher Heinfeld, audit partner for Heinfeld Meach, told the council the audit team issued the annual comprehensive financial report to management Dec. 4 and issued the auditor27s report on Dec. 18. He said there were “no audit adjustments that were required for the financial statements” and that the single‑audit review of federal awards — principally state and local fiscal recovery funds — produced no compliance findings.
Finance Manager Chris Everpew acknowledged staff work in completing the report earlier than prior years and credited the finance team for completing the financial statements and schedules on an accelerated timetable.
Key points discussed at the council presentation: - The firm issued an unmodified (clean) opinion on the city27s basic financial statements. - There were no material weaknesses or significant deficiencies reported in internal controls. - The single audit of federal awards (including ARPA/SLFRF) produced no reportable compliance findings. - The auditors noted standard non‑audit services performed (preparing financial statements and certain schedules) and confirmed independence beliefs.
Council members asked whether the audit had detected improper payments or evidence of council members27 personal benefit; the auditor said no reportable issues were found. The audit and supporting schedules (the annual comprehensive financial report) were described as publicly available on the city clerk27s agenda materials.
Why it matters: A clean audit opinion and no single‑audit findings ease immediate compliance risk, support budget planning, and provide assurance to bondholders, grantors and residents about the integrity of the city27s financial reporting.
What27s next: The audit firm will issue the remaining related reports (single audit report and examination reports for HEERF monies and annual expenditure limitations). Staff said annual departmental reports and the budget process are ongoing.
