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Commission renews auditing contract; auditors report unmodified opinion and note OPEB disclosure will be corrected
Summary
The City Commission voted unanimously Nov. 5 to renew its auditing contract with JMRT for fiscal years 2026'28; the auditors reported an unmodified opinion for FY2024 and said an OPEB disclosure will be recorded as required going forward.
The City Commission approved a multi-year agreement with JMRT on Nov. 5 for auditing services for fiscal years ending Sept. 30, 2026 through Sept. 30, 2028.
Frances Cabrera Yek, audit manager at JMRT, and partner Carlos Terba told the commission the fiscal 2024 audit resulted in an unmodified opinion and that the firm assisted the finance director in filing the financial statements and required checklist with the Florida Auditor General. "The fiscal year 24 audit resulted in an unmodified opinion," Cabrera Yek told the commission.
The auditors also said a new Governmental Accounting Standards Board requirement for OPEB reporting had not previously been recorded because of prior materiality determinations; the city is completing an actuary evaluation and will record the required OPEB disclosures as part of the current audit work. The city manager said staff intends to accelerate the audit timeline so final audited financial statements will reach the commission earlier in 2026.
Commissioners praised JMRT's long-standing relationship with the city; the contract renewal passed on a unanimous vote. The meeting also included a budget amendment to reflect grant revenues and project expenses, which the finance director said increases transparency by matching revenue to related spending.
