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City auditor issues clean opinion on Woodbury’s 2024 financials; council accepts report
Summary
Independent auditors issued an unmodified opinion on the City of Woodbury’s 2024 financial statements and reported no state or federal findings; council unanimously accepted the audit, the communication letter and related reports.
The Woodbury City Council on Aug. 27 unanimously accepted the 2024 audited financial statements, the communication letter, and the reports on compliance with government auditing standards and legal compliance after a presentation by Bergen KDV auditor Ryan Englstedt.
Nut graf: Auditor Ryan Englstedt told council Bergen KDV issued an unmodified (clean) opinion on the city’s 2024 financial statements; auditors proposed narrow, technical adjustments related to capital asset allocations and developer contributions, and found no reportable state compliance issues or federal single‑audit findings for the federal awards tested (including pandemic relief fund usage).
Audit highlights and technical items Englstedt summarized the audit work performed for the city, noting the auditor’s responsibility to provide reasonable assurance that the statements are free of material misstatement. He said staff provided good documentation and internal controls…
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