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Multnomah County accepts annual financial report and clean audit, auditors note limited findings
Summary
The Multnomah County Board of Commissioners acknowledged receipt of the county's Annual Comprehensive Financial Report for the year ended June 30, 2024, received an unmodified (clean) audit opinion from Moss Adams and directed staff to resolve a small number of compliance and internal control issues cited by auditors.
The Multnomah County Board of Commissioners on an agendaed session accepted the county's Annual Comprehensive Financial Report for the fiscal year ended June 30, 2024, and acknowledged an accompanying audit report from external auditors Moss Adams that issued an unmodified opinion.
The audit outcome matters because a clean opinion supports the county's eligibility for federal and state grants and helps sustain the county's creditworthiness, County Chief Financial Officer Eric Arellano told the board. "Our financial statements received an unmodified opinion," Arellano said, meaning the statements were presented in accordance with generally accepted accounting principles and Governmental Accounting Standards Board guidance.
Ashley Austin, partner with Moss Adams, summarized the external review…
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