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Independent audit issues clean opinion; 1 significant deficiency for motor pool capitalization

2497179 · March 5, 2025
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Summary

BDO presented the borough's FY2024 financial and federal single audits to the assembly, issuing unmodified opinions and noting one significant deficiency related to motor-pool asset capitalization.

BDO partners presented the Petersburg Borough's fiscal year 2024 financial-statement audit and federal single audit to the assembly on March 3, reporting unmodified (clean) opinions and noting one significant deficiency.

Vicky Shrestha, partner at BDO Anchorage, summarized the audit wrap-up materials and told the assembly that the financial statements and federal single audit both received unmodified opinions. "We issued an unmodified or a clean…

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