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Independent auditors give Roy City a clean opinion on 2024 financials
Summary
Child Richards CPAs reported an unmodified opinion on Roy City's fiscal year 2024 financial statements and highlighted fund balances, capital spending and one-time timing items affecting fund comparisons.
Ryan Child, an auditor with Child Richards CPAs and Advisors, told the Roy City Council on Dec. 3 that the firm issued an unmodified (clean) opinion on the city's financial statements for the year ended June 30, 2024. He highlighted reserve levels, one-time timing differences and the city's receipt and use of federal ARPA funds.
The audit report shows most governmental funds ended the year with stable balances but with some planned draws for capital work. "We'd have expressed an unmodified opinion, a a clean a good opinion on these financial statements," Child said, describing the audit result.
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