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City controller, Deloitte report clean opinions; auditors flag OPEB control weakness
Summary
City controller and Deloitte presented the fiscal year 2024 Annual Comprehensive Financial Report and single-audit results, reporting issued clean opinions overall but noting a material weakness in controls over other postemployment benefits (OPEB) valuation and a corrected accounting presentation item.
The Austin city controller and external auditors on April 16 presented the city's fiscal year 2024 Annual Comprehensive Financial Report (ACFR) and the single-audit results, reporting clean opinions on financial statements and federal/state compliance while identifying one material weakness tied to OPEB accounting controls.
Maria Norton, city controller, and Deloitte representatives Tracy Cooley and Madeline Morris told the Audit and Finance Committee the ACFR was issued March 11 and the single-audit report March 28. Deloitte noted the city is in compliance with audit requirements and that the audit engagements, including passenger facility charge and…
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