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City audit receives unmodified opinion; auditors note one significant deficiency in journal-entry review
Summary
Alden & Jenkins issued an unmodified (clean) opinion on Forest Park's FY2024 financial statements; auditors also reported a single significant deficiency related to segregation of duties for journal entry review and noted an approximately $3 million OPEB liability on the city's statement of net position.
Alden & Jenkins presented the City of Forest Park's annual comprehensive financial report for the fiscal year ending June 30, 2024, and issued an unmodified (clean) audit opinion at the Feb. 17 council meeting.
Ryan Jones, the audit lead, told the council the firm also issued an unmodified opinion on federal compliance testing (single-audit) and had no findings related to federal grant compliance (the audit included testing of ARPA Coronavirus State and Local Fiscal Recovery Funds). Jones said, "our opinion for the city's financial statements for…
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