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Ridgecrest auditor issues clean opinion; report shows nearly $25 million unassigned general fund balance
Summary
External auditors presented the city's annual comprehensive financial report for fiscal 2024, giving an unmodified (clean) opinion while noting a single material weakness tied to prior-period adjustments; the city's unassigned general fund balance rose to about $24.9 million.
Ridgecrest's external auditors told the City Council on March 13 that the city's fiscal year 2024 financial statements received an unmodified opinion and that the city's unassigned general fund balance stands at roughly $24.9 million.
Colley Delaney, partner with the Pooh Group, presented the fiscal 2024 ACFR and said auditors issued an "unmodified opinion" for all opinion units, a term auditors use for a clean audit. He identified one material weakness in internal control that resulted from prior-period adjustments in the city debt service fund and the TDA transit enterprise fund; auditors said they will include that finding as 2024-01 in the single-audit grant…
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