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CRA auditors report 'unmodified' opinion for FY 2023-24; two immaterial items noted
Summary
External auditors gave the Community Reinvestment Agency (CRA) an unmodified opinion on fiscal year 2023-24 financial statements, flagged two immaterial misstatements tied to the Gallivan Center, and said no internal-control deficiencies were found.
Salt Lake City's Community Reinvestment Agency heard a presentation on Feb. 11 from the agency's external auditor, who issued an unmodified opinion on the agency's fiscal year 2023-24 financial statements but identified two immaterial misstatements tied to the newly separate Gallivan Center column.
The auditor, Michael Nicholson, partner at audit firm I Bailey, told the CRA Board that the firm issued two opinions this year because the Gallivan Center now appears as a discrete component unit in the redevelopment agency's financial statements. "The opinion that we issued was an unmodified opinion on…
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