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Auditor issues clean opinion on West Bend 2024 statements; sewer utility report approved
Summary
Baker Tilly issued an unmodified opinion on the City of West Bend’s 2024 financial statements, noted a new GASB 101 accounting standard and a material weakness related to auditors’ assistance preparing statements; the Board of Public Works approved the Sewer Utility’s 2024 compliance maintenance annual report.
Baker Tilly presented the results of the City of West Bend’s 2024 financial audit on June 16, telling the finance committee it issued an unmodified (clean) opinion on the city’s 2024 financial statements and flagged several required disclosures and follow-up items.
Andrea Jansen, principal with Baker Tilly, said auditors issued a clean opinion and noted the implementation of GASB Statement No. 101, which affected the city’s reporting of accrued benefits. "We were able to issue an unmodified opinion on the city's 2024 financial statements," Jansen said.
Jansen added the audit…
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