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City audit: Alma receives largely unmodified opinion; auditors issue disclaimer for Housing Commission roll-up
Summary
External auditors gave Alma City an otherwise unmodified opinion on its fiscal 2024 financial statements but issued a disclaimer related to the Alma Housing Commission component unit because that entity's auditor failed peer review; the commission voted to receive the audit.
External auditors presenting Alma's fiscal 2024 comprehensive annual financial report told commissioners that most city funds and major activities received an unmodified opinion, but the firm issued a disclaimer of opinion for the component unit roll-up of the Alma Housing Commission because the housing commission's auditor did not pass a required peer review.
Allie Barnes of Yo & Yo CPAs said the…
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