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Sutherlin audit: clean opinion for FY 2023‑24, auditors note GASB adjustments
Summary
Finance Director Tammy Trowbridge reported the city and urban renewal agency received an unqualified (clean) audit opinion for fiscal year 2023‑24; auditors noted non‑material GASB‑related uncorrected misstatements and one clerical over‑expenditure in the water debt service fund.
The City of Sutherlin and its Urban Renewal Agency received an unqualified (clean) audit opinion for the 2023‑24 fiscal year, Finance Director Tammy Trowbridge told the board and council.
Trowbridge summarized the final audit prepared by Pauley Rogers and Company, citing a clean opinion with no reservations and no disagreements with management. Managing auditor Kenny Allen was named in the packet as the auditor on the city audit team. The auditors reported one instance where expenditures exceeded appropriations in the water debt service fund; staff characterized that as a clerical error that did not change amortization schedules or loan terms.
Trowbridge also said there were uncorrected misstatements related to GASB accounting differences between modified accrual and full accrual statements; auditors deemed those uncorrected differences immaterial for the government‑wide financial statements. She said the city filed the audit with the Oregon Department of Revenue and other required portals and that separate urban renewal compliance reporting will follow.
No board or council action was requested; the audit was an informational presentation and staff offered to make additional materials available on the city’s web pages upon request.
