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Auditors give Toquerville clean opinion, note single budget oversight on Cholla Creek project
Summary
Independent auditors issued an unmodified opinion on Toquerville—s financial statements but reported one compliance finding: the capital projects impact fee fund exceeded budget related to the Cholla Creek project; auditors recommended a year-end budget amendment.
Kennington and Christiansen issued an unmodified (clean) opinion on Toquerville—s basic financial statements and found the city—s financial reporting controls adequate, but the auditors reported one compliance finding tied to budgeting for a capital project.
"As auditors, we plan an audit in accordance with generally accepted auditing standards and government auditing standards," said Marcus Arbuckle, with Kennington and Christiansen. He told the council the audit included a review of internal controls over cash receipts, cash disbursements, payroll…
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