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Auditors issue clean opinion for Newport; one minor state-budget noncompliance noted
Summary
External auditors reported unmodified (clean) audit opinions for Newport and its urban renewal agency for the year ended June 30, 2024, and noted a single, minor state-budget noncompliance.
Jessica Luther Haynes, senior manager at Aldridge CPAs and Advisors, presented the City of Newport's audited financial statements for the year ended June 30, 2024, and reported unmodified (clean) audit opinions for both the City of Newport and the Newport Urban Renewal Agency.
Haynes told the council the auditors found no material weaknesses or significant deficiencies in internal controls. She also said the auditors identified one instance of noncompliance with Oregon municipal audit standards: expenditures in the capital projects…
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