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Bethlehem finance committee hears 2024 audit; auditors issue unmodified opinion and two best-practice recommendations
Summary
Auditors told the Bethlehem Finance Committee the city—s 2024 financial statements received an unmodified opinion and that three major federal programs reviewed under the single-audit had no material issues; auditors recommended reviewing sewer-administration charges and tightening P-card approval documentation.
The Bethlehem Finance Committee received the city—s 2024 audit presentation and was told the independent auditors issued an unmodified opinion on the financial statements.
Jennifer Krueva Kibbe, the audit partner who led the engagement, told the committee the auditors —gave an unmodified opinion, which is the best opinion that the city can receive— and that the financial statements are materially accurate under generally accepted accounting principles. She said the city expended more than $750,000 in federal awards in 2024, requiring a single-audit of major federal programs.
The auditors reviewed three major federal programs in 2024: ARPA (Coronavirus State and Local Fiscal…
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