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New auditors give Broomfield an unmodified opinion; single-audit reveals material weakness and a Medicaid control deficiency
Summary
Eide, Beaty auditors issued an unmodified opinion on Broomfield’s 2024 annual comprehensive financial report but reported a material weakness linked to prior-period corrections and a significant deficiency in Medicaid compliance procedures; council requested follow-up updates on corrective actions.
New auditors Eide, Beaty (Eide Bailey) presented the city and county of Broomfield’s fiscal year 2024 audit to council July 8, giving the city an unmodified opinion on its financial statements while citing two emphasis-of-matter items and reporting a material weakness and a significant deficiency in the single-audit results.
Janine Hathcock, engagement partner for Eide Bailey, told council the firm issued an unmodified (clean) opinion over the city’s ten opinion units and commended finance staff for preparing a 245-plus page comprehensive financial report. Eide Bailey noted two emphasis-of-matter items related to corrections of prior-period misstatements (including capital asset…
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