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Commerce City receives clean 2024 audit; housing authority removed as component unit
Summary
Auditors issued an unmodified opinion on Commerce City—inancial statements for 2024, reporting increased net position and no federal single-audit findings; city staff and council discussed reserve policy and how the Commerce City Housing Authority no longer meets component-unit criteria.
Commerce City officials received a clean, or unmodified, opinion on the city—inancial statements for the year ended Dec. 31, 2024, the city—inance director said, and independent auditors reported no significant audit findings or disagreements with management.
The audit presentation by Plante Moran noted several positive trends in the city—inancials and highlighted that the city id not receive any audit findings on financial statements or on federal grant compliance. Auditor Bill Birkey said the firm issued an unmodified opinion, commonly called a clean audit report.
The auditor and finance staff told the council the city—losed 2024 with an increase in net position and a larger general-fund balance. The presentation said total net position rose in 2024 and that…
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