Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City auditor gives Osage Beach a clean opinion; board debates water and sewer reporting
Summary
Hood & Associates presented the cityof Osage BeachFY2024 annual comprehensive financial report and single-audit, issuing an unmodified (clean) opinion. Auditors recommended cross-training and an assets inventory; aldermen asked staff to separate water and sewer reporting in future audits.
Hood & Associates CPAs presented the City of Osage Beachannual comprehensive financial report for fiscal 2024 to the Board of Aldermen on July 17 and issued an unmodified opinion, commonly known as a clean audit opinion.
The audit presentation, led by Michael Keenan of Hood and Associates, said the cityreceived a clean opinion and identified no material weaknesses in internal control or reportable noncompliance with finance-related laws. The firm noted one major federal program for single-audit purposes: expenditures related to American Rescue Plan Act (ARPA) funding. Auditors also offered management recommendations on cross-training key employees, conducting a physical inventory of capital assets, and considering…
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
