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San Rafael audit returns unmodified opinion; auditors flag longstanding purchasing control issue
Summary
Mays and Associates gave the City of San Rafael an unmodified (clean) opinion on the fiscal 2024 financial statements but recorded one other‑matter finding about purchasing policy compliance that predates the audit period; auditors will test revised purchasing guidelines in fiscal 2025. The child development program audit was also unmodified.
Whitney Crockett, audit partner with Mays and Associates, told the City of San Rafael Finance Subcommittee on Nov. 12 that the audit of the city’s fiscal year ended June 30, 2024, resulted in an unmodified opinion — the highest level of assurance an auditor issues. “Our audit opinion was unmodified, which is the highest level of assurance that we can give the city,” Crockett said.
The management discussion and analysis included several headline numbers: governmental activities net position increased $29.3 million compared with June 30, 2023; current and other governmental assets rose by about $10 million (largely revenues outpacing expenses); capital assets increased roughly $8.1 million (project activity exceeding depreciation); and noncurrent governmental liabilities declined about $12 million, driven mainly by pension and OPEB decreases and debt pay‑downs.
General fund results showed…
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