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External auditors give Cape Coral a clean opinion; finance staff review annual reporting and single‑audit results
Summary
External auditor Malden & Jenkins reported an unmodified opinion on Cape Coral’s fiscal 2024 annual comprehensive financial report; staff summarized financial highlights, implementation of GASB 100 and that the single audit of federal/state awards raised no findings.
External auditors from Malden & Jenkins on April 23 delivered an unmodified (clean) opinion on the City of Cape Coral’s fiscal year 2024 Annual Comprehensive Financial Report (ACFR), and city finance staff reviewed the ACFR, the single audit of federal and state grant spending and other reporting responsibilities.
Wade Sanzberry, audit partner with Malden & Jenkins, told council the auditors found no material weaknesses or significant deficiencies in the financial statements and reported no findings in the single audit of federal and state grant programs. He noted the firm performed additional testing on five major federal programs and that the city’s external reporting conformed to generally…
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