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Woodstockauditor issues unmodified opinion on 2024 financial statements; single-audit clean
Summary
External auditor told the Woodstock City Council the city's 2023-24 financial statements received an unmodified opinion and the single-audit of federal awards produced no findings; council thanked finance staff for strong reserves.
The cityauditor reported that Woodstock Cityreceived an unmodified (clean) opinion on its financial statements for the fiscal year ended June 30, 2024, and that the single-audit over federal awards returned no findings.
The auditor's report matters because an unmodified opinion indicates the city's financial statements are presented fairly in accordance with generally accepted accounting principles and the single-audit result means federal grant use met audit standards.
"The results of the audit for the year ended 06/30/2024 was an unmodified opinion," said Gregory Chapman, a partner at…
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