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City auditor gives Paducah a clean opinion on 2023-24 finances; officials note multiyear surplus
Summary
Kemper CPA Group reported an unmodified (clean) opinion on Paducah's fiscal 2023-24 financial statements and found no reportable compliance problems; commissioners discussed recent surpluses and use of set-aside funds for capital projects.
David Hampton, a partner with Kemper CPA Group, told the Paducah Board of Commissioners on Jan. 13 that the city's annual comprehensive financial statements for the fiscal year ending June 30, 2024, received an unmodified (clean) opinion.
The audit, Hampton said, found the financial statements to be "fairly presented in all material respects," and the auditors reported no instances of noncompliance required to be disclosed under governmental auditing standards or under the Uniform Guidance for federal awards. Hampton said the firm applied limited procedures to management's discussion and analysis and supplemental schedules but did not audit those sections.
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