Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Tulare receives unmodified audit opinion for 2024; auditors report two significant deficiencies
Summary
City auditors gave Tulare an unmodified (clean) opinion on its 2024 financial statements, while reporting two significant deficiencies—an incomplete bank reconciliation and an outdated overhead cost-allocation method. The board voted to accept the audit report.
Tulare received an unmodified (clean) audit opinion on its 2024 financial statements, auditor Anthony Gonzales of Price Page and Company told the board. Gonzales said the audit, performed under AICPA standards and Government Audit Standards, concluded the financial statements are fairly presented in all material respects.
The audit covered cash and investments, revenues and receivables (including utility billings), expenses and payroll, capital assets, GASB 54 fund-balance classifications, custodial activities and the net pension liability. Gonzales said the…
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
