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Board accepts FY 2023–24 audit: unmodified opinion issued; two findings noted; city awards next-year audit contract
Summary
Independent auditors issued a clean (unmodified) opinion on the City of Spring Hill’s FY 2023–24 financial statements and reported two findings related to late trial-balance adjustments and missed grant reporting deadlines. The board accepted the audit and later awarded the FY 2024–25 audit to CliftonLarsonAllen (CLA).
The city’s independent auditors presented the fiscal year 2023–24 audit and reported an unmodified (clean) opinion on the financial statements. Matt Wood, partner with ATA (Jackson, Tennessee), told the Board that audit testing for federal grant expenditures — including ARPA funds — came back clean, but the audit identified two findings the auditors described as straightforward to correct.
Key audited figures and findings: Wood reported approximately $60 million in governmental capital asset additions and about $13 million in proprietary (water/sewer) capital additions for the year. Federal grants reported totaled about $12.2 million; testing of ARPA…
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