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Altoona council hears 2024 audit; auditors report unmodified opinions, note two repeat findings
Summary
Chris Shirock of Young Oaks Brown and Company presented Altoona—s 2024 audit and said auditors issued unmodified ("clean") opinions on the city—s financial statements.
Chris Shirock of Young Oaks Brown and Company presented Altoona—s 2024 audit to the City Council on Nov. 10 and said auditors issued unmodified ("clean") opinions on the financial statements that relate directly to city operations.
"Our auditors report, it's on all the opinions that rate directly to the city operations were unmodified or clean opinions," Shirock said. He summarized the statement of net position as about $479,000,000, reported an unrestricted portion shown as negative $23,000,000, and said $502,000 (as stated in the presentation) was invested in capital…
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