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Auditors issue 'clean' opinion on Westminster's FY2024 financial statements; payroll control deficiency noted
Summary
External auditors presented the fiscal year‑ended June 30, 2024 audit to the Westminster council and reported unmodified opinions on the financial statements and the single audit. Auditors identified one significant deficiency related to payroll timesheet approvals and reported noncompliance findings in the Housing Choice Voucher program under the
Auditors from SP & Company LLC told the Westminster Mayor and Common Council on Jan. 27 that they issued unmodified ("clean") opinions on the city's June 30, 2024 financial statements and on the uniform guidance single audit required for entities that spend more than $750,000 in federal funds.
Bill Seymour, engagement partner for SP & Company LLC, told the council his firm "issued an unmodified or if you will clean opinion on the financial statements," and that auditors noted no instances of fraud during their procedures (while cautioning that a financial audit is not a fraud‑only…
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