Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Newcastle receives clean independent audit, single‑audit compliance affirmed
Summary
The city's independent auditor delivered a clean opinion on the financial statements and a clean compliance opinion on federal grants, but noted a non‑material collateral timing issue with a local bank that has been corrected. Council formally acknowledged the reports.
Newcastle — Auditors for the City of Newcastle presented two reports on Nov. 10 and concluded the city’s financial statements presented fairly in all material respects and that the city complied in all material respects with applicable requirements for federal grant funds.
Chris Syme of the engagement firm told the board the independent financial statement audit resulted in a clean opinion, the highest level of assurance an auditor can give. "In our opinion, the financial statements referred to above present fairly in all…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
