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Kingsburg council accepts FY 2023–24 audit; auditors issue unmodified opinion and note capital asset reporting weakness
Summary
The council unanimously accepted the City of Kingsburg’s annual comprehensive financial report for the fiscal year ending June 30, 2024. Auditors from Price Page and Company issued an unmodified (clean) opinion, described key fund outcomes and identified one material weakness in capital asset reporting.
The Kingsburg City Council voted to accept the City of Kingsburg’s annual comprehensive financial report for the fiscal year ending June 30, 2024 at its April 16 meeting after a presentation by the independent accounting firm identified in the packet as Price Page and Company.
Anthony Gonzales, identified as an audit manager for the firm, presented the audit results and said the firm issued an unmodified (clean) opinion, indicating that the city’s financial statements are fairly presented in all material respects under generally accepted accounting principles (GAAP). Gonzales said the auditors also issued an…
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