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Auditor presents clean opinion; Atoka's fund balance about 56% of general fund expenditures, board accepts report
Summary
Contract auditor ATA gave the town an unmodified (clean) audit opinion for the 2024 fiscal year, reported a single audit requirement due to federal grant expenditures, and noted the town's general fund balance at about 56% of budgeted expenditures; the board accepted the audit.
The town’s independent auditor, Matt Wood of ATA, told the Atoka board on Jan. 21 that the auditor issued an unmodified (clean) opinion on the town’s 2024 financial statements and that a required single audit was performed because the town had more than $750,000 in federal grant expenditures.
Wood told the board the single audit related…
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