Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Audit topic
No spam. Unsubscribe anytime.
External auditor issues clean opinion on City of Hialeah financial statements for FY2024
Summary
CBIZ auditor Moises Oresa presented the annual comprehensive financial report and said his firm issued a "clean opinion" on the city's financial statements for the fiscal year ended Sept. 30, 2024, noting the management's discussion and analysis and other standard reporting items.
The city's external auditor, Moises Oresa of the CPA firm CBIZ, told Hialeah City Council members on Sept. 9 that the comprehensive annual financial report for the fiscal year ending Sept. 30, 2024, received a clean audit opinion.
In his presentation, Oresa described the audit opinion and the structure of the report. "Following that paragraph, we concluded in our opinion, the financial statements present fairly in all material respects the financial position of the city as of fiscal year end 09/30/2024," he told the council.
Why it matters: A clean—or unmodified—opinion means the auditor did not find material misstatements in the basic financial statements audited under Government Auditing Standards and U.S. generally accepted auditing standards. Oresa noted the city filed the annual report by the June 30 statutory deadline.
Details from the audit presentation
- Report content: Oresa walked council members through the independent auditor's report, the Management's Discussion and Analysis (MD&A), the government-wide financial statements (full-accrual), fund financial statements (modified accrual), footnotes, and budget-to-actual comparison schedules.
- MD&A: He recommended the MD&A (printed pages 5–30 of the distributed report) as the most useful single-place summary of the numbers and drivers of year-over-year change.
- Availability: Oresa said the report was produced and made available by June 30 to meet Florida statutory requirements and offered to be available to answer council questions after the meeting for further detail about particular schedules, footnotes or grant reconciliations.
Council response
Councilmembers thanked the auditor for the presentation and asked no substantive follow-up questions during the meeting. The mayor and a council member noted the legal requirement for an independent audit and accepted the auditor's availability for further questions.
Ending
Oresa closed by reiterating the firm's availability for follow-up. "Our approach is not just to be here during the audit," he said; "our approach is to be here to handle any questions you may have or any guidance that you may wish to reach out to us for."
