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Victorville accepts FY2024 financial report and single audit; auditors issue clean opinions
Summary
The City of Victorville Council received the fiscal year 2024 annual comprehensive financial report and single audit, with auditors issuing unmodified (clean) opinions and reporting zero findings for FY2024 after prior-year deficiencies.
The City of Victorville City Council on April 15 voted unanimously to receive and file the City's annual comprehensive financial report (ACFR) for the fiscal year ending June 30, 2024, and the related single audit of federal grants. The independent auditor issued unmodified opinions and reported zero findings for the FY2024 audit.
The finance director told the council staff faced three major challenges while closing the 2024 books: an influx of new accounting staff, a cyber incident that disrupted systems for several weeks, and the simultaneous work of multiple audits. The director said the department engaged BDO Consulting to develop a remediation road map and that the city's current auditor, Badawi & Associates, concluded the FY2024 audits with no material weaknesses and no findings.
Ahmed Badawi, engagement partner for Badawi & Associates, presented the audit results to the council. He summarized the firm's risk assessment, confirmed the opinion was unmodified, and reviewed key financial metrics, including the city's net position and sensitivity of pension and OPEB liabilities to discount-rate assumptions.
Councilmember Deborah Jones praised staff for the report, saying it was "the best reporting that I've seen yet," and several other councilmembers echoed thanks to finance, IT and outside consultants for completing the work despite the earlier challenges.
The council approved the motion to receive and file the ACFR and single audit by a unanimous recorded vote: Councilmember Godin ' yes; Councilmember Irving ' yes; Councilmember Deborah Jones ' aye; Mayor Pro Tem Herriman ' yes; Mayor Elizabeth Becerra ' yes.
The auditor and staff said next steps include returning to a timelier audit schedule for FY2025 and continuing implementation of internal controls and reporting process improvements.
