Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Independent auditor gives Simi Valley a clean opinion on FY2023–24 financial statements; single audit notes one finding
Summary
Vasquez and Company reported an unmodified (clean) opinion on the city’s FY2023–24 financial statements and noted a single significant deficiency in federal compliance tied to the timing of a federal grant reimbursement.
An independent audit firm informed the Simi Valley City Council on May 5 that the city’s fiscal year 2023–24 financial statements fairly present the city’s financial position and that no material weaknesses in internal control were identified.
Linda Narciso, audit partner with Vasquez and Company LLC, told the council the firm issued an unmodified opinion—commonly described as a ‘‘clean’’ opinion—on the city’s basic financial statements and on related supplemental information. Narciso said the firm performed a single audit of federal funds because the…
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
