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Middletown auditors issue clean 2024 opinion, note $2 million restatement and prior training lapse
Summary
Middletown’s auditors from RBT told the Common Council on Oct. 6 that the city’s 2024 financial statements and single audit received unmodified (clean) opinions and that there were no internal control weaknesses reported for 2024.
Middletown’s auditors from RBT told the Common Council on Oct. 6 that the city’s 2024 financial statements and single audit received unmodified (clean) opinions and that there were no internal control weaknesses reported for 2024.
The auditor said the city adopted GASB 101 for compensated absences and that a 2023 noncompliance finding related to required harassment training had been corrected in 2024. The audit included a set of restatements that reduced the beginning governmental fund balance by $2,000,000; the auditor said 17 journal entries were proposed and…
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