Auditors give New Rochelle a clean opinion but flag three repeat findings and fund‑balance strain

Brian Salba, the engagement director for EFPR Group, told the New Rochelle City Council on Sept. 9 that the independent audit of the city's financial statements for the year ended Dec. 31, 2024, is substantially complete and will receive unmodified opinions — the clean opinion auditors issue when they find no material misstatement.

Salba said auditors found three formal findings to report: (1) unresolved errors in federal data submissions for the Housing Choice Voucher (Section 8) program that have blocked later submissions; (2) repeated material adjusting journal entries that required auditors to post multiple corrections across funds; and (3) deficiencies in the city's home‑program eligibility determinations (tests showed two of five files lacked required eligibility documentation, dating back to 2019 and 2023). He said auditors will follow up on corrective actions in next year's audit work.

Why it matters: the audit shows the city's financial statements present fairly under generally accepted accounting principles, but the findings point to internal control and compliance gaps that could affect grant reporting…