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Council accepts 2024 comprehensive financial report; auditors give unmodified opinion
Summary
External auditors gave the city an unmodified (clean) opinion on the 2024 comprehensive financial report; council unanimously accepted the report. Auditors highlighted a restatement related to Lafayette Urban Renewal Authority receivables and implementation of a GASB compensated‑absence standard.
The Lafayette City Council on Aug. 5 unanimously accepted the city’s 2024 Annual Comprehensive Financial Report after auditors presented a clean (unmodified) opinion and described a small number of reporting notes.
Janine Hathcock, audit partner with I. Bailey (the city’s audit firm), told council: "It is a clean, unmodified opinion, best you can get." The opinion covers governmental activities, business‑type activities, major funds and component…
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