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Independent auditors issue clean opinion on Town of Sahuarita FY2024 financial statements
Summary
Town auditors CWDL CPAs presented five audit documents and reported an unmodified (clean) opinion for the fiscal year ending June 30, 2024; the single-audit work on federal COVID-related funds showed no findings and the town remains under the state expenditure limitation.
The Town of Sahuarita's independent auditors presented the fiscal year 2024 audit at the Feb. 24 council meeting and reported a clean, unmodified opinion on the town's financial statements for the year ending June 30, 2024.
Dennis Smaschke, partner and principal auditor with CWDL CPAs, outlined the audit process and the five documents in the council packet: the annual comprehensive financial report (including management's discussion and analysis), the single audit for federal programs, the expenditure limitation (AELR) examination, a HEERF report review and the governance communication letter. "We...issued a clean, unmodified opinion," Smaschke said.
Smaschke noted the firm tested federal programs tied to coronavirus state and local recovery funds and reported no findings in federal programs or material internal control deficiencies. He also reported the town is well under the state statutory expenditure limitation and that the audit was completed on Dec. 19, 2024.
Council members thanked the auditors and staff for the work; the town manager said the report will be used in the town's GFOA award submission. The auditors noted the town has a long record of meeting the GFOA submission timetable.
