Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Redondo Beach council receives FY2023–24 audited financial reports, auditor issues governance and internal-control findings
Summary
The City Council received and filed the annual audited financial reports for the fiscal year ended June 30, 2024; auditors issued an unmodified opinion but flagged internal-control items and governance findings and recommended corrective actions.
The Redondo Beach City Council on Tuesday received and filed the city's audited financial reports for the fiscal year ended June 30, 2024, after auditors from CLA issued an unmodified opinion while noting governance and internal-control findings that require corrective action.
The audit's unmodified opinion means auditors found the financial statements fairly presented in all material respects, Auditor Bob Callanan told the council. But Callanan also delivered an internal-control letter listing findings the auditors are required to disclose to the council and a governance letter summarizing the audit process and any difficulties encountered.
"The internal control letter is a listing of some findings that we came across during the course of our audit that we consider that we're required to disclose to the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
