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Carlisle audit: clean opinion, no findings; ARPA spending tested in single audit
Summary
Auditors from Smith Valley Kearns presented the borough'024 audit and single-audit results, reporting an unmodified opinion, no findings, positive net changes in fund balances, and that the ARPA/Coronavirus State and Local Fiscal Recovery Funds were the major program tested.
Auditors from Smith Valley Kearns told the Borough of Carlisle council on Nov. 5 that the borough received an unmodified (clean) opinion on its 2024 financial statements and that no audit findings were reported. The auditors also said the borough had positive net changes in fund balances and that the single-audit procedures this year focused on the Coronavirus State and Local Fiscal Recovery Funds (ARPA).
Why it matters: An unmodified opinion indicates the auditors found the financial statements to be materially correct based on the procedures performed. The single-audit testing and absence of findings on the ARPA program reduce near-term compliance…
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