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City of Anderson receives clean audit, fund balance rises to $13.1 million
Summary
External auditors issued an unmodified opinion on the City of Anderson’s fiscal year ended June 30, 2024, and city staff reported a stronger-than-expected fund balance and healthy enterprise funds.
The City of Anderson received an unmodified audit opinion for the fiscal year ended June 30, 2024, the highest level of assurance from external auditors, city staff and the auditor said during the council’s December meeting. The audit and accompanying management communications, presented by Larry Finney of Greening Finney Cooley LLP, showed an increase in overall fund balance and no federal compliance findings for the program selected for single-audit testing.
The unmodified — or “clean” — opinion means the auditors did not identify a material misstatement in the financial statements, Finney told the council. “That’s the best opinion that you can receive,” he said during the…
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