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City accepts 2024 audit with unmodified opinion; no material weaknesses reported
Summary
The commission accepted the city's 2024 financial audit and single-audit report; auditors reported no material weaknesses or compliance findings for tested federal awards.
The Huron City Commission accepted the city’s 2024 audit on Oct. 12 after a presentation by the auditing firm Eide Bailly/ELO.
Rebecca, the lead auditor from ELO, told commissioners the firm issued an unmodified (clean) opinion on the financial statements and reported no material weaknesses or significant deficiencies in internal control. She said the city required a single-audit under uniform guidance because it spent more than $750,000 in federal awards and that the audit found no compliance findings for the federal programs tested.
The auditor summarized that the management discussion and analysis section provides a plain-language comparison between last year and this year’s financial results. Rebecca said the audit file will be submitted to the Federal Audit Clearinghouse as required.
Commissioners voted to accept and file the audit.
Clarifying details: the auditors noted that pages in the report list federal programs and catalog numbers tested; city staff will retain the full report in the finance office and can distribute it to commissioners on request.
