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Camino Real RMA accepts clean FY2024 audit; auditors report unmodified opinions and no findings
Summary
Auditors delivered an unmodified financial and single-audit opinion for fiscal year 2024 and the board voted to accept the audit; auditors noted a deficit net position tied to pledged future vehicle-registration revenues and disclosed two outstanding matters (a toll agreement and an active vendor bankruptcy) as notes.
The Camino Real Regional Mobility Authority board on Jan. 29 accepted the fiscal year 2024 audited financial report after auditors delivered unmodified opinions for both the financial statements and the single audit covering federal and state funds.
‘‘We have the fiscal year 2024 report prepared. We have an unmodified opinion, both for the financial audit as well as the single audit,’’ auditor Vanessa Alarcon told the board. She said the audit included no findings and a separate management letter contained no management comments; auditors discussed a few minor verbal items with staff that were being addressed.
Alarcon explained the authority’s deficit net position on the statement of net…
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