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City finance staff reports unmodified opinion on fiscal year 2024 audit
Summary
City auditors delivered an unmodified opinion for Lufkin's FY2024 audit with no material weaknesses, significant deficiencies, or noncompliance noted; council said the audit was reviewed by the finance committee and no formal approval was required in this session.
City staff reported that the independent fiscal year 2024 audit, conducted by Alexander Langford and Hires LLC, resulted in an unmodified opinion with no findings of material weakness, no significant deficiencies, and no noted noncompliance.
“Alexander Langford and Hires was contracted to conduct our fiscal year 24 audit…The audit included no findings of material weaknesses being identified, no significant deficiencies identified,” a staff presenter said. The audit covers the fiscal year ending September 2024 and had been reviewed earlier that day by the finance committee.
City staff said auditors were available to answer questions; council members noted the finance committee heard the report and that a separate formal approval was not required in the meeting. The finance director and investment consultants also reported favorable investment results in committee discussion.
