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Independent auditor gives Newport clean opinion for FY 2024; no material weaknesses reported
Summary
Brown, Jake & McDaniels presented the FY 2024 audit to council, reporting an unmodified (clean) opinion on the city and school financial statements and no findings in internal control or federal program testing.
The council received the annual audit from Brown, Jake & McDaniels, who reported an unmodified (clean) opinion on the City of Newport’s FY 2024 financial statements, including government-wide statements and fund statements.
Frank (auditor) told the council there were few adjusting entries (which city staff posted), no disagreements with management on accounting standards, and no reportable internal-control deficiencies or material weaknesses. The auditors…
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