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Auditor gives Brookings clean opinion on 2024 financial statements; no findings reported
Summary
Independent auditors presented the comprehensive annual financial report for fiscal 2024 and issued a clean (unmodified) opinion with no findings for the city, BMU or BHS. Auditors and finance staff highlighted implementation of a new GASB standard and strong liquidity and reserves.
An independent auditor presented the City of Brookings' comprehensive annual financial report (ACFR) for fiscal year 2024 and issued a clean, unmodified opinion, reporting no findings in internal controls or federal-program compliance.
Brian Stavanger, presenting for the audit firm on behalf of Mike Bailey, told the council the audit obtained "reasonable assurance" the financial statements are free of material misstatement and that auditors found no findings in the financial statement audit or in the single‑audit review of…
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