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Auditor gives Sedalia clean opinion but flags internal-control issues and single-audit findings
Summary
Williams Keepers issued an unmodified opinion on Sedalia's FY2025 financial statements but reported two significant deficiencies relating to statement preparation and segregation of duties; a single audit was required after about $3.5 million in federal grant expenditures.
Amanda Schultz, an audit partner at Williams Keepers, told the Sedalia City Council on Sept. 16 that the firm issued an unmodified (clean) opinion on the city's audited financial statements for the fiscal year ended March 31, 2025.
"We issue an unmodified or a clean opinion on the city's financial statements," Schultz said, noting that management is ultimately responsible for the statements but auditors apply procedures to form that opinion.
Schultz said the city required a single audit this year because it received and spent more than $750,000 in federal grant funding; the firm identified approximately $3,500,000 in federal grant expenditures during FY2025, the majority from the Coronavirus State and Local Fiscal Relief Funds. Williams Keepers issued a clean opinion on compliance for the single audit.
The auditors also reported two significant deficiencies in the management letter. One is a continuing recommendation tied to the…
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