Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lake Elmo Council accepts 2024 comprehensive financial report; auditor issues clean opinion
Summary
The Lake Elmo City Council accepted the city's 2024 comprehensive annual financial report after a presentation from auditor Ryan Schmidt, who delivered an unmodified (clean) opinion and noted only routine segregation-of-duties concerns.
The Lake Elmo City Council on July 1 accepted the city’s 2024 annual comprehensive financial report following a presentation by auditor Ryan Schmidt of Schlar Water and Company.
Schmidt told the council, “what we've given you this year is what's called an unmodified opinion, and that is a clean opinion,” and said there were no significant audit adjustments or compliance exceptions identified for 2024.
The unmodified opinion means the auditor determined the city’s financial statements fairly present the results of operations and financial…
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
