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Auditors give City of Kiel a clean 2023 opinion but flag year-end close, reserves and staffing; council accepts report
Summary
Auditors from CliftonLarsonAllen LLP reported an unmodified (clean) opinion on the City of Kiel’s 2023 financial statements, while the management letter recommended stronger year-end close procedures, updated policies and clearer roles. The council voted unanimously to accept the audit.
CliftonLarsonAllen LLP presented the City of Kiel’s 2023 audited financial statements and delivered an unmodified opinion — commonly called a “clean” opinion — the auditors told the council.
The auditors said the city’s general fund returned to a positive position as of Dec. 31, 2023, but that the unassigned portion of fund balance remained low compared with standard benchmarks. The firm called attention to year-end close procedures, turnover in administrative staff that required additional audit work, and opportunities to update financial policies and procurement ordinances.
"We were able to get an unmodified opinion," said Stuart, an auditor with CliftonLarsonAllen LLP. "That's the gold standard. It's a very good thing to see." He told the…
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